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 331AAB
REGISTERED SCHEME AUDITOR (APPOINTMENT TO FILL VACANCY)
331AAB(1)
[
Time limit]
(a) a vacancy occurs in the office of auditor of a registered scheme; and
(b) there is no surviving or continuing auditor of the scheme;
Note: Section 1232R applies a modified version of this Division in relation to a retail CCIV.
View history note
Hide history note(a) a vacancy occurs in the office of auditor of a registered scheme; and
(b) there is no surviving or continuing auditor of the scheme;
the responsible entity must, within 1 month after the vacancy occurs, appoint an auditor to fill the vacancy.
331AAB(2) [ Compliance]A director of the responsible entity of a registered scheme must take all reasonable steps to secure compliance with subsection (1).
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