Corporations Act 2001
View history note
Hide history noteApplication of this section
1291A(1)
This section applies if ASIC decides under section 1291 to suspend or cancel the registration of a person as an auditor.
ASIC must give notice of decision
1291A(2)
ASIC must, within 10 business days after making the decision, give a written notice setting out the decision, and the reasons for the decision.
When decision comes into effect
1291A(3)
The decision comes into effect on the day after the notice is given to the person.
Failure to give notice does not affect validity of decision
1291A(4)
A failure by ASIC to give the notice under subsection (2) within 10 business days does not affect the validity of the decision.
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