Corporations Act 2001
Section 324AC applies to all appointments of firms as auditor (including an appointment that was made before the Schedule 1 commencement).1461(2) [ Existing appointments]
The appointment of a person as auditor of a company or registered scheme made before the Schedule 1 commencement under section 327 or 331AB of the old Act remains valid and effective despite the repeal of that section.1461(3) [ Existing ASIC approval]
An approval by ASIC that is in force under subsection 324(12) of the old Act immediately before the Schedule 1 commencement has effect on and after the Schedule 1 commencement as if it had been given under section 324B .
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