CORPORATIONS ACT 2001

CHAPTER 2M - FINANCIAL REPORTS AND AUDIT  

PART 2M.4 - APPOINTMENT AND REMOVAL OF AUDITORS  

Division 6 - Appointment, removal and fees of auditors for companies  

Subdivision A - 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.

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.