Corporations Act 2001
If a registered company auditor plays a significant role in the audit of a company, registered scheme or registrable superannuation entity in reliance on a declaration by ASIC under section 342A , the auditor must give: (a) the company; or (b) the responsible entity for the registered scheme; or (c) the registrable superannuation entity;
written notice of the declaration.
View history note
Hide history note342B(2)
The notice must specify: (a) the name of the registered company auditor; and (b) the additional financial years for which the registered company auditor is, because of the declaration under section 342A , eligible to play a significant role in the audit of the company, registered scheme or registrable superannuation entity.
342B(3)
The notice must be given: (a) as soon as practicable after the declaration is made if the auditor has been appointed before the declaration is made; or (b) before the auditor is appointed if the declaration is made before the auditor is appointed.
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