Corporations Act 2001

CHAPTER 8B - CORPORATE COLLECTIVE INVESTMENT VEHICLES  

PART 8B.3 - CORPORATE GOVERNANCE OF CCIVs  

Division 4 - Compliance plan for retail CCIVs  

Subdivision B - Auditing the compliance plan  

SECTION 1226K   ACTION ON CHANGE OF AUDITOR OF COMPLIANCE PLAN  

1226K(1)    
If the auditor of the compliance plan of a retail CCIV changes, the corporate director must, within 7 days and in the prescribed form, ask ASIC to alter the record of the CCIV ' s registration to show the name of the new auditor as the auditor of the CCIV ' s compliance plan. ASIC must comply with the request if the change complies with this Act.

1226K(2)    
An offence based on subsection (1) is an offence of strict liability.


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