Corporations Act 2001

CHAPTER 2M - FINANCIAL REPORTS AND AUDIT  

PART 2M.4 - APPOINTMENT AND REMOVAL OF AUDITORS  

Division 5 - Auditor rotation for listed companies  

SECTION 324DAC   324DAC   NOTIFICATIONS ABOUT APPROVAL TO EXTEND ELIGIBILITY TERM  

If the directors of a listed company, or of a listed registered scheme, grant an approval under section 324DAA , the directors must, within 14 days of granting the approval:

(a) lodge a copy of the resolution granting the approval with ASIC; and

(b) give a copy of the resolution to:

(i) if the individual to whom the approval relates does not act on behalf of an audit firm or company - the individual; and

(ii) if the individual to whom the approval relates acts on behalf of an audit firm or company - the audit firm or company on whose behalf the individual acts.

Note: Details of the approval, and the reasons for the approval, must be included in the directors ' report under section 300 .