Commonwealth Consolidated Acts

AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 234D

  (1)   The Minister may give the AUASB a direction about the role of international auditing standards in the Australian auditing standard setting system.

  (2)   Before giving a direction under this section, the Minister must receive and consider a report from the FRC about the desirability of giving the direction.

  (3)   The AUASB must comply with the direction.