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CORPORATIONS ACT 2001

CHAPTER 2G - MEETINGS  

PART 2G.2 - MEETINGS OF MEMBERS OF COMPANIES  

Division 8 - AGMs of public companies  

SECTION 250T  QUESTIONS BY MEMBERS OF AUDITORS AT AGM  

250T(1)  [Reasonable opportunity to question audit]  

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If the company's auditor or their representative is at the meeting, the chair of an AGM must:


(a) allow a reasonable opportunity for the members as a whole at the meeting to ask the auditor or the auditor's representative questions relevant to:


(i) the conduct of the audit; and

(ii) the preparation and content of the auditor's report; and

(iii) the accounting policies adopted by the company in relation to the preparation of the financial statements; and

(iv) the independence of the auditor in relation to the conduct of the audit; and


(b) allow a reasonable opportunity for the auditor or their representative to answer written questions submitted to the auditor under section 250PA.

250T(2)  [Strict liability offence]  

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An offence based on subsection (1) is an offence of strict liability.

Note: For strict liability, see section 6.1 of the Criminal Code.

250T(3)  [Written answer to written question]  

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If:


(a) the company's auditor or their representative is at the meeting; and


(b) the auditor has prepared a written answer to a written question submitted to the auditor under section 250PA;

the Chair of the AGM may permit the auditor or their representative to table the written answer to the written question.

250T(4)  [Availability of written answer]  

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The listed company must make the written answer tabled under subsection (3) reasonably available to members as soon as practicable after the AGM.


 



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