Queensland Consolidated Acts

AGENTS FINANCIAL ADMINISTRATION ACT 2014 - SECT 165

165 Existing auditors

(1) Subsection (2) applies if, immediately before the commencement, a person was appointed as an approved auditor for a stated licensee under the repealed Act, section 394.

(2) The following applies—

(a) the person’s appointment as an auditor continues under the repealed Act; and

(b) the repealed Act, chapter 12, part 2, division 2 continues to apply in relation to the auditor until the auditor’s appointment ends under those provisions.

(3) Subsection (4) applies to an auditor other than an approved auditor appointed for a licensee under the repealed Act.

(4) From the commencement, the person is taken to be an auditor under this Act, as if the person had been appointed by the agent under section 30.