For the purposes of section 13(2) of the Act, the auditor approval criteria are that the applicant for approval—
(a) either—
(i) holds an accreditation by an institution which, in the opinion of the Secretary, makes the applicant suitable for approval as a risk management plan auditor; or
(ii) demonstrates to the Secretary that the applicant has the experience, qualifications and skills necessary to independently conduct audits of risk management plans; and
(b) is, in the reasonable opinion of the Secretary, a fit and proper person to be approved as an auditor; and
(c) provides to the Secretary a
written declaration that the applicant has no conflict of interest that
would impinge on their ability to objectively conduct an audit of a risk
management plan.