Corporations Act 2001

CHAPTER 2M - FINANCIAL REPORTS, SUSTAINABILITY REPORTS AND AUDIT  

PART 2M.4 - APPOINTMENT AND REMOVAL OF AUDITORS  

Division 6 - Appointment, removal and fees of auditors for companies  

Note: This Division does not apply in relation to a CCIV. Instead, section 1232R applies a modified version of Division 7 to a retail CCIV.

Subdivision A - Appointment of company auditors  

SECTION 327H  

327H   EFFECT ON APPOINTMENT OF PUBLIC COMPANY AUDITOR OF COMPANY BEGINNING TO BE CONTROLLED BY A CORPORATION  

An auditor of a public company that begins to be controlled by a corporation:

(a) must retire at the AGM of the company next held after the company begins to be controlled by the corporation unless the auditor vacates that office before then; and

(b) is, subject to this Part, eligible for re-appointment.

This section has effect notwithstanding subsection 327B(2) .