Corporations Act 2001

CHAPTER 2M - FINANCIAL REPORTS, SUSTAINABILITY REPORTS AND AUDIT  

PART 2M.4 - APPOINTMENT AND REMOVAL OF AUDITORS  

Division 6 - Appointment, removal and fees of auditors for companies  

Note: This Division does not apply in relation to a CCIV. Instead, section 1232R applies a modified version of Division 7 to a retail CCIV.

Subdivision A - Appointment of company auditors  

SECTION 328C   PUBLIC COMPANY AUDITOR (APPOINTMENT OF AUDITOR WHEN CROWD-SOURCED FUNDING CONCESSION ENDS)  

328C(1)    
If a public company stops being covered under section 738ZI at a time, the directors of the company must appoint an auditor of the company within 1 month after that time, unless the company at a general meeting has appointed an auditor.

328C(2)    
An auditor appointed under subsection (1) holds office until the company ' s first AGM.

328C(3)    
A director of a company must take all reasonable steps to comply with, or to secure compliance with, subsection (1).