39CNet assets certificate

39C Net assets certificate (1) A net assets certificate is a document, prepared and certified by an accountant, specifying the net assets held by a builder as mentioned in regulation 39B(1). (2) An accountant who prepares a net assets certificate: (a) is to do so in accordance with the Australian Accounting Standards; and

Building Regulations 1993 36 (b) is not to use financial information relating to a period earlier than 12 months before the date of the certificate; and (c) is to take into account the matters mentioned in regulation 39B(3) to (5). accountant means one of the following: (a) a member of the Institute of Chartered Accountants in Australia who holds a current Certificate of Public Practice issued by the Institute; (b) a member of the CPA Australia who holds a current Public Practice Certificate in accordance with the by-laws of CPA Australia; (ba) a member of the Institute of Public Accountants ACN 004 130 643 who holds a current Certificate of Professional Practice issued by the Institute; (c) a person who holds a current Public Practising Certificate issued by the Association of Taxation and Management Accountants; (d) a registered tax agent; (e) a person registered as an auditor under the Corporations Act 2001. Australian Accounting Standards means the current Australian Accounting Standards as published by the Australian Accounting Standards Board.