Corporations Amendment (Crowd-sourced Funding) Act 2017 (17 of 2017)
Schedule 2 Related amendments of corporate governance requirements
Corporations Act 2001
16 Subsection 324CG(5A) (note)
Repeal the note, substitute:
Note: If the audited body is a public company or a registered scheme, the audit appointment will be terminated at the end of the period of 21 days (or a longer period that has been approved by ASIC) from the day a notice under this subsection is given if the notice is not followed up by a notice under:
(a) subsection 327B(2C) (public company); or
(b) subsection 328E(5) (public company with crowd-sourced funding); or
(c) subsection 331AAA(2C) (registered scheme).
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