Corporations Act 2001

CHAPTER 9 - MISCELLANEOUS  

PART 9.2 - REGISTRATION OF AUDITORS  

Division 3 - Cancellation or suspension of registration  

SECTION 1291A   NOTICE OF SUSPENSION OR CANCELLATION  

Application of this section

1291A(1)    
This section applies if ASIC decides under section 1291 to suspend or cancel the registration of a person as an auditor.

ASIC must give notice of decision

1291A(2)    
ASIC must, within 10 business days after making the decision, give a written notice setting out the decision, and the reasons for the decision.

When decision comes into effect

1291A(3)    
The decision comes into effect on the day after the notice is given to the person.

Failure to give notice does not affect validity of decision

1291A(4)    
A failure by ASIC to give the notice under subsection (2) within 10 business days does not affect the validity of the decision.