Corporations Act 2001
Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .
View history note
Hide history noteCCH note - modifying legislative instruments: The application of Pt 7.8 is affected by the following legislative instruments that commenced or were amended on or after 1 January 2022: the ASIC Corporations (Investor Directed Portfolio Services) Instrument 2023/669 (Div 8 only) (as amended by ASIC Corporations (Amendment) Instrument 2024/554).
For legislative instruments or class orders before 1 January 2022 that affect the application of Pt 7.8, please consult the legislative instruments or class orders directly. These are reproduced in the regulatory-resources section of the company-law practice area in CCH iKnowConnect.
CCH Note: Division 6 is modified by the ASIC Corporations (Incidental Retail Cover) Instrument 2022/716.
CCH Note: Subdivision D is modified by the ASIC Corporations (Incidental Retail Cover) Instrument 2022/716.
CCH Note: Section 990I is modified by the ASIC Corporations (Incidental Retail Cover) Instrument 2022/716.
An auditor of the licensee has a right of access at all reasonable times to the financial records or other records (including any register) of the licensee.
990I(2)
An auditor of the licensee is entitled to require: (a) from the licensee; or (b) if the licensee is a body corporate - from any director, secretary or senior manager of the licensee;
such assistance and explanations as the auditor desires for the purposes of audit.
990I(3)
The licensee, or a director, secretary or senior manager of the licensee if it is a body corporate, must not: (a) refuse or fail to allow an auditor of the licensee access, in accordance with subsection (1), to financial records or other records of the licensee; or (b) refuse or fail to give assistance, or an explanation, to an auditor of the licensee as and when required under subsection (2); or (c) otherwise hinder, obstruct or delay an auditor of the licensee in the performance or exercise of the auditor's duties or powers.
Note: Failure to comply with this subsection is an offence (see subsection 1311(1) ).
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