Obligations of RSE licensees – fitness and propriety of RSE auditors

13. As applicable, an RSE licensee must ensure that an individual RSE auditor or a lead auditor[9]:

(a) is not disqualified under section 130D of the SIS Act;

(b) satisfies the eligibility criteria in Prudential Standard SPS 520 Fit and Proper (SPS 520);

(c) is a fit and proper person in accordance with the RSE licensee’s Fit and Proper Policy as required by SPS 520; and

(d) satisfies the auditor independence requirements in SPS 510.

14. As applicable, an RSE licensee must ensure that an RSE audit firm or an RSE audit company[10]:

(a) is not disqualified under section 130EA of the SIS Act; and

(b) satisfies the independence requirements in SPS 510.