Subdiv B heading inserted by No 103 of 2004, s 3, Sch 1, Pt 3
100] (effective 1 July 2004).
331ADEFFECT OF WINDING UP ON OFFICE OF AUDITOR
An auditor of a registered scheme ceases to hold office if:
(a) the scheme's constitution provides that the scheme is to be wound up at a specified time, in specified circumstances or on the happening of a specified event, and that time is reached, those circumstances occur or that event occurs; or
(b) the members pass a resolution directing the responsible entity to wind up the scheme; or
(c) the Court makes an order directing the responsible entity to wind up the scheme; or
(d) the members pass a resolution to remove the responsible entity but do not, at the same meeting, pass a resolution choosing a company to be the new responsible entity that consents to becoming the scheme's responsible entity.