16CPrudential standards or reporting and auditing requirements

#### 16C Prudential standards or reporting and auditing requirements 16C Prudential standards or reporting and auditing requirements > > (1) The Minister may, by order published in the Gazette, declare that prudential standards, or reporting and auditing requirements, specified or described in the order are standards or requirements that apply to an authority responsible for the administration of a scheme fund and ICNSW in the exercise of any functions in relation to that fund described in the order. > > > (2) Before making an order under this section, the Minister is to consult ICNSW on the proposed standards or requirements. > > > (3) An order under this section takes effect on the day specified in the order. > > > (4) A responsible authority, ICNSW and any person carrying out a function on behalf of the responsible authority must comply with any standard or requirement applied under this section to the exercise of a function in relation to a scheme fund. > > **pt 2, div 4 (ss 16A–16C):** Ins 2015 No 54, Sch 1.