Corporations Act 2001
CHAPTER 2M
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FINANCIAL REPORTS, SUSTAINABILITY REPORTS AND AUDIT
PART 2M.4
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APPOINTMENT AND REMOVAL OF AUDITORS
Division 6
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Appointment, removal and fees of auditors for companies
Subdivision A
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Appointment of company auditors
SECTION 327F
ASIC
'
S GENERAL POWER TO APPOINT A COMPANY AUDITOR
327F(1)
ASIC may appoint an auditor of a public company, or of a proprietary company that has one or more CSF shareholders, if:
(a) the company or its directors fail to appoint an auditor when required by this Act to do so; and
(b) a member of the company applies to ASIC in writing for the appointment of an auditor under this section.
327F(2)
Subject to this Part, an auditor appointed under this section holds office until:
(a) for a proprietary company - the company ' s next general meeting; or
(b) for a public company - the company ' s next AGM.
View history note
Hide history noteNote: This Division does not apply in relation to a CCIV. Instead, section 1232R applies a modified version of Division 7 to a retail CCIV.
ASIC may appoint an auditor of a public company, or of a proprietary company that has one or more CSF shareholders, if:
(a) the company or its directors fail to appoint an auditor when required by this Act to do so; and
(b) a member of the company applies to ASIC in writing for the appointment of an auditor under this section.
This subsection has effect subject to section 327G .
327F(2)
Subject to this Part, an auditor appointed under this section holds office until:
(a) for a proprietary company - the company ' s next general meeting; or
(b) for a public company - the company ' s next AGM.