328C
In forcePublic company auditor (appointment of auditor when crowd‑sourced funding concession ends)
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
328C Public company auditor (appointment of auditor when crowd‑sourced funding concession ends)
(1)
If a public company stops being covered under section 738ZI at a time, the directors of the company must appoint an auditor of the company within 1 month after that time, unless the company at a general meeting has appointed an auditor.
(2)
An auditor appointed under subsection (1) holds office until the company’s first AGM.
(3)
A director of a company must take all reasonable steps to comply with, or to secure compliance with, subsection (1).
This Act’s bill:Explanatory memorandumSecond reading speech
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