Key Documents
The Government is consulting on the Superannuation Auditor Registration Imposition Regulations 2022 (the Regulations) which remake and improve the operation of the Superannuation Auditor Registration Imposition Regulations 2012 (2012 Regulations). The 2012 Regulations are due to ‘sunset’ on 1 April 2023.
These regulations prescribe fees that are payable to the Australian Securities and Investments Commission (ASIC) by self‑managed superannuation fund (SMSF) auditors for regulatory services provided by ASIC, including:
- registration as an approved SMSF auditor;
- undertaking a competency examination; and
- cancelling an SMSF auditor registration.
The Regulations remake and improve the 2012 Regulations by updating the amounts of the fees and updating the language about the method of indexation. These changes do not affect the substantive meaning or operation of the provisions but allow for greater ease of understanding. The Regulations broadly follow the structure and numbering of the 2012 Regulations.