Corporations Act 2001
Note: This Division does not apply in relation to a CCIV. Instead, section 1232R applies a modified version of Division 7 to a retail CCIV.
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Hide history noteIf:
(a) a vacancy occurs in the office of auditor of a public company; and
(b) the vacancy is not caused by the removal of an auditor from office; and
(c) there is no surviving or continuing auditor of the company;
the directors must, within 1 month after the vacancy occurs, appoint an auditor to fill the vacancy unless the company at a general meeting has appointed an auditor to fill the vacancy.
Note: Certain public companies are not required to appoint an auditor: see subsections 327A(1A) and 327B(1A) .
327C(2)
An auditor appointed under subsection (1) holds office, subject to this Part, until the company's next AGM.
327C(3)
A director of a public company must take all reasonable steps to comply with, or to secure compliance with, subsection (1).
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