30Alternative independence requirements

30 Alternative independence requirements

For the purposes of subsection 339‑80(2) of the Act, the auditor independence requirements to be met in relation to the audit of a financial report prepared under subsection 27(1) are the Corporations Act auditor independence provisions: (a) as modified by subsection 339‑75(2) of the Act and section 29 of this instrument; and (b) disregarding the imprisonment terms in the penalties referred to in items dealing with subsection 324CA(1) to section 324CK in Schedule 3 to the Corporations Act.