(1) An incorporated
association or management committee must not appoint a person as the reviewer
or auditor for the association if the person is not qualified for appointment.
(2) A person is
qualified for appointment as a reviewer or auditor if the person is —
(a) a
member of a professional accounting body who has a designation in respect of
that membership that is prescribed by the regulations for the purposes of this
paragraph; or
(b) a
registered company auditor under the Corporations Act; or
(c) a
person the Commissioner considers has appropriate qualifications or experience
and approves for the purposes of this section.