(1) The company's registration as an authorised audit company is subject to:
(a) the provisions of this Part; and
(b) the conditions or restrictions specified in the regulations; and
(c) any other conditions or restrictions determined by ASIC.
(2) ASIC may determine conditions or restrictions for the purposes of paragraph (1)(c) either at the time when the company is registered as an authorised audit company or subsequently.
(3) ASIC determines a condition or restriction by written notice to the company.