83Requirement for life company to have an auditor

#### 83 Requirement for life company to have an auditor (1) A life company must have an auditor appointed by the life company (the principal auditor) to perform the functions of an auditor set out in the prudential standards. (2) Within 6 weeks after a person stops being the principal auditor of a life company, the life company must appoint another person to be the principal auditor. (3) The principal auditor must perform the functions of an auditor set out in: (a) the prudential standards; and (b) the reporting standards determined by APRA under the Financial Sector (Collection of Data) Act 2001.