ASIC simplifies SMSF auditor rego

The corporate regulator has revised and simplified the registration process for prospective self-managed superannuation fund (SMSF) auditors.

The Australian Securities and Investments Commission (ASIC) said the changes would make it easier for applicants to provide all required information with their application.

"This will reduce red tape and save time for applicants as ASIC will generally not need to seek further details about their experience," ASIC said.

ASIC said the template documents that applicants need to provide on their experience were:

• Statement from applicant;
• Audit hours logbook; and
• Statement from supervisor.

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ASIC commissioner, Greg Tanzer, said: "ASIC is continually reviewing how we can improve the services we provide the community".

"If we can reduce the time required for what should be straightforward auditor registrations, this allows us to assess an application faster with the benefit of all information being available from the outset," he said.