Corporations Act 2001
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.
ASIC may appoint an auditor of a public company, or of a proprietary company that has one or more CSF shareholders, if:
(a) the company or its directors fail to appoint an auditor when required by this Act to do so; and
(b) a member of the company applies to ASIC in writing for the appointment of an auditor under this section.
This subsection has effect subject to section 327G .
327F(2)
Subject to this Part, an auditor appointed under this section holds office until:
(a) for a proprietary company - the company ' s next general meeting; or
(b) for a public company - the company ' s next AGM.
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