Corporations Act 2001

CHAPTER 9 - MISCELLANEOUS  

PART 9.2 - REGISTRATION OF AUDITORS  

Division 2 - Registration  

SECTION 1289   AUDITORS AND OTHER PERSONS TO ENJOY QUALIFIED PRIVILEGE IN CERTAIN CIRCUMSTANCES  

Qualified privilege for auditor

1289(1)  
An auditor has qualified privilege in respect of:


(a) a statement that the auditor makes (orally or in writing) in the course of the auditor ' s duties as auditor; or


(b) a statement that the auditor makes (orally or in writing) on:


(i) a directors ' report under section 298 or 306 ; or

(ii) a statement, report or other document that is taken, for any purpose, to be part of that report; or


(c) notifying ASIC of a matter under section 311 ; or


(d) a disclosure made by the auditor in response to a notice given to the auditor under subsection 30A(1) or 225A(5) of the ASIC Act.

Note: If the auditor is an audit company, the company has qualified privilege under this subsection in respect of statements made, and notices given, by individuals on behalf of the company if those statements and notices can be properly attributed to the company.

Qualified privilege for registered company auditor acting on behalf of audit company

1289(2)  
If the auditor is an audit company, a registered company auditor acting on behalf of the company has qualified privilege in respect of:


(a) a statement that the registered company auditor makes (orally or in writing) in the course of the performance, on the behalf of the company, of the company's duties as auditor; or


(b) a statement that the registered company auditor makes (orally or in writing), on behalf of the company, on:


(i) a directors ' report under section 298 or 306 ; or

(ii) any statement, report or other document that is taken, for any purpose, to be part of that report; or


(c) a notification of a matter that the registered company auditor gives ASIC, on behalf of the company, under section 311 ; or


(d) a disclosure made by the registered company auditor in response to a notice given to the audit company under subsection 225A(5) of the ASIC Act.

Extent of auditor's duties - answering questions put to auditor by members

1289(3)  
For the purposes of this section, an auditor ' s duties as auditor include:


(a) answering questions put to the auditor (or the auditor ' s representative) at an AGM; and


(b) providing answers to questions that are submitted to the auditor under section 250PA .

Qualified privilege for person representing auditor at AGM

1289(4)  
A person who represents an auditor at an AGM has qualified privilege in respect of any statement that the person makes in the course of representing the auditor at that AGM.

Qualified privilege for subsequent publication

1289(5)  
A person has qualified privilege in respect of the publishing of a document that:


(a) is prepared by an auditor in the course of the auditor's duties; or


(b) required by or under this Act to be lodged (whether or not the document has been lodged).

1289(6)  
A person has qualified privilege in respect of the publishing of any statement:


(a) made by an auditor as mentioned in subsection (1); or


(b) made by a registered company auditor as mentioned in subsection (2); or


(c) made by a person as mentioned in subsection (4).


 

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