Corporations Act 2001
CHAPTER 7
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FINANCIAL SERVICES AND MARKETS
PART 7.8
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OTHER PROVISIONS RELATING TO CONDUCT ETC. CONNECTED WITH FINANCIAL PRODUCTS AND FINANCIAL SERVICES, OTHER THAN FINANCIAL PRODUCT DISCLOSURE
Division 6
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Financial records, statements and audit
Subdivision D
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Appointment etc. of auditors
SECTION 990F
990F
REMOVAL OF AUDITORS
The licensee: (a) must remove an auditor of the licensee from office if the auditor becomes ineligible to act as auditor of the licensee; and (b) may, with ASIC's consent, remove an auditor of the licensee from office.
Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .
View history note
Hide history noteCCH Note: Division 6 is modified by the ASIC Corporations (Incidental Retail Cover) Instrument 2022/716.
CCH Note: Subdivision D is modified by the ASIC Corporations (Incidental Retail Cover) Instrument 2022/716.
CCH Note: Section 990F is modified by the ASIC Corporations (Incidental Retail Cover) Instrument 2022/716.
The licensee: (a) must remove an auditor of the licensee from office if the auditor becomes ineligible to act as auditor of the licensee; and (b) may, with ASIC's consent, remove an auditor of the licensee from office.
Note: Failure to comply with paragraph (a) is an offence (see subsection 1311(1) ).
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