Corporations Act 2001

CHAPTER 2M - FINANCIAL REPORTS, SUSTAINABILITY REPORTS AND AUDIT  

PART 2M.4 - APPOINTMENT AND REMOVAL OF AUDITORS  

Division 4 - Deliberately disqualifying auditor  

SECTION 324CM   DELIBERATELY DISQUALIFYING AUDITOR  

Individual auditor

324CM(1)    
An individual contravenes this subsection if:

(a)    

the individual is appointed auditor of a company, registered scheme or registrable superannuation entity; and

(b)    while the appointment continues, the individual brings about a state of affairs; and

(c)    

the individual cannot, while that state of affairs continues, act as auditor of the company, scheme or entity without contravening Division 2 or 3 .

Audit firm

324CM(2)    
A member of a firm contravenes this subsection if:

(a)    

the firm is appointed auditor of a company, registered scheme or registrable superannuation entity; and

(b)    while the appointment continues, the member brings about a state of affairs; and

(c)    

the firm cannot, while that state of affairs continues, act as auditor of the company, scheme or entity without a person contravening Division 2 or 3 .

Audit company

324CM(3)    
A person who is:

(a)    a member of a company; or

(b)    a director of a company; or

(c)    a lead auditor in relation to an audit conducted by a company;

contravenes this subsection if:

(d)    

the company is appointed auditor of a company, registered scheme or registrable superannuation entity; and

(e)    while the appointment continues, the person brings about a state of affairs; and

(f)    

the company cannot, while that state of affairs continues, act as auditor of the company, scheme or entity without contravening Division 2 or 3 .