Auditor’s consent to appointment
244ZV Auditor’s consent to appointment
A co‑operative or the directors of a co‑operative must not appoint an individual, firm or company as auditor of the co‑operative unless that individual, firm or company —
has consented, before the appointment, to act as auditor; and
has not withdrawn that consent before the appointment is made.
For the purposes of this section, a consent, or the withdrawal of a consent, must be given by written notice to the co‑operative or the directors.
A notice under subsection (1) given by a firm must be signed by a member of the firm who is a registered company auditor both —
in the firm name; and
in his or her own name.
A notice under subsection (1) given by a company must be signed by a director or senior manager of the company both —
in the company’s name; and
in his or her own name.
If a co‑operative or the directors of a co‑operative appoint an individual, firm or company as auditor of a co‑operative in contravention of subsection (1) —
the purported appointment is of no effect; and
the co‑operative is guilty of an offence.
Penalty for this subsection: a fine of $2 500.
[Section 244ZV inserted: No. 7 of 2016 s. 85.]
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