To make an order under section
exempting a transparency reporting auditor, or class of transparency reporting auditors, from one or more requirements of sections
, ASIC must be satisfied that complying with the requirements would:
(a) be inappropriate in the circumstances; or
(b) impose unreasonable burdens.
In deciding for the purposes of subsection (1) whether complying with the requirements would impose an unreasonable burden on the auditor or class of auditors, ASIC is to have regard to:
(a) the expected costs of complying with the requirements; and
(b) the expected benefits of having the auditor or class of auditors comply with the requirements; and
(c) any practical difficulties that the auditor or class of auditors faces in complying effectively with the requirements; and
(d) any unusual aspects of the operations of the auditor or class of auditors; and
(e) any other matters that ASIC considers relevant.