Corporations Act 2001
CHAPTER 2M
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FINANCIAL REPORTS AND AUDIT
PART 2M.4
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APPOINTMENT AND REMOVAL OF AUDITORS
Division 7
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Appointment, removal and fees of auditors for registered schemes
Subdivision A
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Appointment of registered scheme auditors
SECTION 331AAC
ASIC'S POWER TO APPOINT REGISTERED SCHEME AUDITOR
331AAC(1)
[
Scope of power]
(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]
Note: Section 1232R applies a modified version of this Division in relation to a retail CCIV.
View history note
Hide history noteASIC 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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