Application for renewal
456 Application for renewal
An auditor may apply to the chief executive for renewal of the auditor’s approval.
The application must—
be made within 60 days before the term of the approval ends; and
comply with section 460.
The chief executive must consider the application and decide to renew, or refuse to renew, the approval.
In deciding the application, the chief executive may have regard to the matters to which the chief executive may have regard in deciding whether an applicant for an approval is a suitable person to be an auditor.
If the chief executive decides to refuse to renew the approval, or to impose conditions on the approval under section 454(1)(b), the chief executive must as soon as practicable give the auditor an information notice for the decision.
An approval may be renewed by issuing another approval to replace it.
This Act’s bill:Explanatory memorandumSecond reading speech
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