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CORPORATIONS ACT 2001

CHAPTER 2M - FINANCIAL REPORTS AND AUDIT  

PART 2M.4 - APPOINTMENT AND REMOVAL OF AUDITORS  

Division 7 - Appointment, removal and fees of auditors for registered schemes    View history reference

Subdivision A - Appointment of registered scheme auditors    View history reference

SECTION 331AAC  ASIC'S POWER TO APPOINT REGISTERED SCHEME AUDITOR  

 View history reference

331AAC(1)  [Scope of power]  


ASIC may appoint an auditor of a registered scheme if:


(a) the responsible entity of the scheme does not appoint an auditor when required by this Act to do so; and


(b) a member of the scheme applies to ASIC in writing for the appointment of an auditor under this section.

331AAC(2)  [Consent of appointee]  


ASIC may only appoint an individual, firm or company as auditor under subsection (1) if the individual, firm or company consents to being appointed.


 



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