Regulations relating to audits of SMSFs

This consultation process has now been completed. Submissions available
Consultation Type
Exposure Draft

Key Documents

The Government has released for public consultation an exposure draft of regulations relating to the self managed superannuation fund (SMSF) auditor registration regime and the prescribed period for the provision of an audit report as well as the accompanying explanatory material.

The SMSF auditor registration regulations will implement the Government's reforms relating to auditors of SMSFs as part of Stronger Super. The Regulations will specify various requirements that must be satisfied by all auditors of SMSFs as well as the transitional arrangements that will apply to existing, highly experienced and competent approved auditors.

The prescribed period for the provision of an audit report regulations will ensure that SMSF auditors are not penalised if they are unable to provide an audit report within the prescribed period due to circumstances beyond their control.