Nomination of auditors
152 Nomination of auditors
A society must not appoint a person or firm as auditor of the society at its annual general meeting, not being a meeting at which an auditor is removed from office, unless written notice of nomination of the person or firm as auditor was given to the society by a member—
before the meeting was called; or
not less than 3 weeks before the meeting.
A purported appointment of a person or firm as auditor of the society in contravention of subsection (1) has no effect.
If a society contravenes subsection (1), the society and any officer of the society who is in default each commit an offence.
Maximum penalty—10 penalty units.
If notice of nomination of a person or firm for appointment as auditor is received by the society, whether for appointment at a meeting or an adjourned meeting mentioned in section 151(12) or at an annual general meeting, the society must not less than 7 days before the meeting or when notice of the meeting is given—
send a copy of the notice of nomination to each person or firm nominated and to each auditor of the society; and
cause a copy of the notice of nomination to be displayed in a conspicuous place at the society’s registered office until the day of the meeting.
Maximum penalty—10 penalty units.
This Act’s bill:Explanatory memorandum
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