Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 328C

Public company auditor (appointment of auditor when crowd-sourced funding concession ends)

             (1)  If a public company stops being covered under section 738ZI at a time, the directors of the company must appoint an auditor of the company within 1 month after that time, unless the company at a general meeting has appointed an auditor.

             (2)  An auditor appointed under subsection (1) holds office until the company's first AGM.

             (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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