Corporations Amendment (Crowd-sourced Funding) Act 2017 (17 of 2017)

Schedule 2   Related amendments of corporate governance requirements

Corporations Act 2001

14   Subsection 324CF(1A) (note)

Repeal the note, substitute:

Note: If the audited body is a public company or a registered scheme, the audit appointment will be terminated at the end of the period of 21 days (or a longer period that has been approved by ASIC) from the day a notice under this subsection is given if the notice is not followed up by a notice under:

(a) subsection 327B(2B) (public company); or

(b) subsection 328E(4) (public company with crowd-sourced funding); or

(c) subsection 331AAA(2B) (registered scheme).