Corporations Act 2001
The directors of a public company must appoint an auditor of the company within 1 month after the day on which a company is registered as a company unless the company at a general meeting has appointed an auditor. 327A(1A)
Subsection (1) does not apply in relation to a company if:
(a) the directors reasonably believe that subsection 301(3) will apply to the company ' s financial reports; or
(b) the company is a small company limited by guarantee; or
(c) the company is covered under section 738ZI just after it is registered as a company.
Subject to this Part, an auditor appointed under subsection (1) holds office until the company's first AGM. 327A(3)
A director of a company must take all reasonable steps to comply with, or to secure compliance with, subsection (1).
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