Corporations Act 2001

CHAPTER 2M - FINANCIAL REPORTS, SUSTAINABILITY REPORTS AND AUDIT  

PART 2M.4A - ANNUAL TRANSPARENCY REPORTS FOR AUDITORS  

SECTION 332D   EXEMPTION ORDERS - APPLICATIONS BY TRANSPARENCY REPORTING AUDITORS  

332D(1)    
On an application made by a transparency reporting auditor in accordance with subsection (3), ASIC may make an order in writing relieving the auditor from compliance with all or specified requirements of sections 332A and 332B .

Note: For the criteria for making orders under this section, see section 332F .

332D(2)    
The order may:

(a) be expressed to be subject to conditions; and

(b) be indefinite or limited to a specified period.

332D(3)    
The application must be:

(a) in writing; and

(b) lodged with ASIC; and

(c) if the auditor is an individual auditor - signed by the auditor; and

(d) if the auditor is an audit firm - signed by a member of the firm who is a registered company auditor both:

(i) in the firm name; and

(ii) in the member ' s own name; and

(e) if the auditor is an audit company:

(i) authorised by a resolution of the directors; and

(ii) signed by a director.

332D(4)    
ASIC must give the auditor written notice of the making or revocation of the order.