Corporations Act 2001

CHAPTER 2M - FINANCIAL REPORTS, SUSTAINABILITY REPORTS AND AUDIT  

PART 2M.4 - APPOINTMENT AND REMOVAL OF AUDITORS  

Division 7 - Appointment, removal and fees of auditors for registered schemes  

Note: Section 1232R applies a modified version of this Division in relation to a retail CCIV.

Subdivision A - Appointment of registered scheme auditors  

SECTION 331AAC   ASIC'S POWER TO APPOINT REGISTERED SCHEME AUDITOR  

331AAC(1)   [ Scope of power]  

ASIC may appoint an auditor of a registered scheme if:


(a) the responsible entity of the scheme does not appoint an auditor when required by this Act to do so; and


(b) a member of the scheme applies to ASIC in writing for the appointment of an auditor under this section.

331AAC(2)   [ Consent of appointee]  

ASIC may only appoint an individual, firm or company as auditor under subsection (1) if the individual, firm or company consents to being appointed.


 

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