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 327H   327H   EFFECT ON APPOINTMENT OF PUBLIC COMPANY AUDITOR OF COMPANY BEGINNING TO BE CONTROLLED BY A CORPORATION  


An auditor of a public company that begins to be controlled by a corporation:


(a) must retire at the AGM of the company next held after the company begins to be controlled by the corporation unless the auditor vacates that office before then; and


(b) is, subject to this Part, eligible for re-appointment.

This section has effect notwithstanding subsection 327B(2) .


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