Victorian Current Acts

CONVEYANCERS ACT 2006 - SECT 83

    (1)     For the purposes of this Act, an approved auditor is—

        (a)     a person who—

S. 83(1)(a)(i) amended by Nos 36/2011 s. 20, 1/2021 s. 134.

              (i)     is a member of CPA Australia, the Institute of Public Accountants or Chartered Accountants Australia and New Zealand; and

              (ii)     meets the requirements of one of those bodies to practise as a public accountant; and

              (iii)     has obtained a degree in commerce, accounting, business studies or a similar discipline from an Australian university or from a foreign university approved by the Director; and

              (iv)     has successfully completed any courses of education required by the Director under section 90(1)(a); and

              (v)     has completed or substantially assisted in carrying out the audit of the trust records of at least 2 (or such higher number as is prescribed) licensees or Australian legal practitioners in respect of any of the previous 3 financial years; or

        (b)     a person who—

              (i)     is approved by the Director as an approved auditor; or

              (ii)     comes within a class of persons that is approved by the Director as an approved class of auditor.

    (2)     Despite subsection (1), a person is not an approved auditor for the purposes of this Act if he or she is subject to a direction under section 89(3).