Corporations Amendment (Crowd-sourced Funding for Proprietary Companies) Act 2018 (106 of 2018)
Schedule 1 Amendments
Part 1 Main amendments
Corporations Act 2001
33 Subsection 327E(1)
Repeal the subsection, substitute:
(1) This section applies if:
(a) the directors of a proprietary company fail to appoint an auditor under subsection 325(2); or
(b) a public company fails to appoint an auditor under subsection 327D(2) or (3).
The failure is referred to as the auditor replacement failure .