Corporations Act 2001

CHAPTER 2M - FINANCIAL REPORTS AND AUDIT  

PART 2M.4 - APPOINTMENT AND REMOVAL OF AUDITORS  

Division 1 - Entities that may be appointed as an auditor for a company, registered scheme or registrable superannuation entity  

SECTION 324AA   INDIVIDUAL AUDITORS, AUDIT FIRMS AND AUTHORISED AUDIT COMPANIES  

324AA(1)    
Subject to this Part, the following may be appointed as auditor for a company or a registered scheme for the purposes of this Act:

(a)    an individual;

(b)    a firm;

(c)    a company.

The company or registered scheme may have more than one auditor.

324AA(2)    

Subject to this Part, the following may be appointed as auditor for a registrable superannuation entity for the purposes of this Chapter:

(a)    an individual;

(b)    a firm;

(c)    a company.

The entity may only have one auditor.

Note: In addition to audit requirements under this Chapter, a registrable superannuation entity has audit requirements under the RSE licensee law. Subsection 35AC(8) of the Superannuation Industry (Supervision) Act 1993 provides that the RSE licensee for a registrable superannuation entity must ensure that the auditor of the entity for the purposes of the RSE licensee law is the individual, firm or company that is the auditor of the entity for the purposes of this Chapter.