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CORPORATIONS ACT 2001

CHAPTER 2M - FINANCIAL REPORTS AND AUDIT  

PART 2M.4 - APPOINTMENT AND REMOVAL OF AUDITORS  

Division 6 - Appointment, removal and fees of auditors for companies    View history reference

Subdivision A - Appointment of company auditors    View history reference

SECTION 327G  RESTRICTIONS ON ASIC'S POWERS TO APPOINT PUBLIC COMPANY AUDITOR  

 View history reference

327G(1)  [Consent]  


ASIC may appoint an individual, firm or company as auditor of a company under section 327E or 327F only if the individual, firm or company consents to being appointed.

327G(2)  [Continuing auditor]  


ASIC must not appoint an auditor of a company under section 327E or 327F if:


(a) there is another auditor of the company (the continuing auditor); and


(b) ASIC is satisfied that the continuing auditor is able to carry out the responsibilities of auditor alone; and


(c) the continuing auditor agrees to continue as auditor.

327G(3)  [Existing ASIC appointment]  


ASIC must not appoint an auditor of a company under section 327E or 327F if:


(a) the company does not give ASIC the notice required by subsection 327E(2) before the end of the notification period; and


(b) ASIC has already appointed an auditor of the company under section 327E after the end of the notification period.


 



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