Corporations Act 2001
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Hide history noteIndividual 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 .
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