Corporations Act 2001
If the directors of a public company that is covered under section 738ZI become aware that the company has raised $3 million or more from all CSF offers, the directors of the company must appoint an auditor of the company within 1 month after becoming so aware, unless the company at a general meeting has appointed an auditor.
An auditor appointed under subsection (1) holds office in accordance with section 328E . 328D(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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