Corporations Act 2001

CHAPTER 2M - FINANCIAL REPORTS, SUSTAINABILITY REPORTS AND AUDIT  

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History

Ch 2M heading amended by No 87 of 2024, s 3, Sch 4[6] (effective 18 September 2024).

PART 2M.4 - APPOINTMENT AND REMOVAL OF AUDITORS  

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

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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.

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Div 6 amended by No 8 of 2022, s 3, Sch 2[135] (effective 1 July 2022).

Div 6 heading inserted by No 103 of 2004, s 3, Sch 1, Pt 3 [ 95].

Subdivision A - Appointment of company auditors  

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Subdiv A heading inserted by No 103 of 2004, s 3, Sch 1, Pt 3 [ 95].

SECTION 328D   PUBLIC COMPANY AUDITOR (APPOINTMENT OF AUDITOR WHEN $3 MILLION RAISED USING CROWD-SOURCED FUNDING)  

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328D(1)    

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If the directors of a public company that is covered under section 738ZI become aware that the company has raised $3 million or more from all CSF offers, the directors of the company must appoint an auditor of the company within 1 month after becoming so aware, unless the company at a general meeting has appointed an auditor.

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S 328D(1) amended by No 106 of 2018, s 3, Sch 1 [ 49] (effective 22 September 2018).

328D(2)    
An auditor appointed under subsection (1) holds office in accordance with section 328E .

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

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S 328D inserted by No 17 of 2017, s 3, Sch 2 [ 18] (effective 28 September 2017).

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