327F
In forceASIC’s general power to appoint a company auditor
Volume 2Chapter 2L, Part 2L.1 to Chapter 5, Part 5.9 sections 283AA to 600K
Chapter 2MFinancial reports, sustainability reports and audit
Part 2M.4Appointment and removal of auditors
Division 6Appointment, removal and fees of auditors for companies
Subdivision AAppointment of company auditors
327F ASIC’s general power to appoint a company auditor
(1)
ASIC may appoint an auditor of a public company, or of a proprietary company that has one or more CSF shareholders, if:
(a)
the company or its directors fail to appoint an auditor when required by this Act to do so; and
(b)
a member of the company applies to ASIC in writing for the appointment of an auditor under this section.
This subsection has effect subject to section 327G.
(2)
Subject to this Part, an auditor appointed under this section holds office until:
(a)
for a proprietary company—the company’s next general meeting; or
(b)
for a public company—the company’s next AGM.
This Act’s bill:Explanatory memorandumSecond reading speech
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