311
CurrentEffect of winding up on office of auditor (cf Corporations Act s 330)
Chapter 3Management and operation of co-operatives
Part 3.3Financial reports and audit
Division 11Financial years and half-years
Subdivision 3Removal and resignation of auditors
311 Effect of winding up on office of auditor (cf Corporations Act s 330)
An auditor of a co-operative ceases to hold office if:
(a)
a special resolution is passed for the voluntary winding up of the co-operative; or
(b)
in a case to which paragraph (a) does not apply – an order is made by the Supreme Court for the winding up of the co‑operative.
This Act’s bill:Explanatory statement
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