SECTION 250RA AUDITOR REQUIRED TO ATTEND LISTED COMPANY'S AGM
250RA(1) Contravention by individual auditor.
(a) the auditor does not attend the company's AGM at which the audit report for that financial year is considered; and
(b) the auditor does not arrange to be represented, at that AGM, by a person who:
(i) is a suitably qualified member of the audit team that conducted the audit; and
(ii) is in a position to answer questions about the audit.
250RA(2) [Strict liability offence]
Note: For strict liability, see section 6.1 of the Criminal Code.
250RA(3) Contravention by lead auditor.
(a) a listed company's auditor for a financial year is an audit firm or an audit company; and
(b) the person is the lead auditor for the audit; and
(c) the person is not represented, at the AGM at which the audit report for that financial year is considered, by a person who:
250RA(4) [Strict liability offence]
S 250RA inserted by No 103 of 2004, s 3, Sch 1, Pt 5 (effective 1 July 2004).