(1) An auditor has qualified privilege in respect of:

(a)

any statement that he or she makes, orally or in writing, in the course of his or her duties as auditor; or

(b)

any statement that he or she makes, orally or in writing, on a directors' report under section 298 or 306 or on any statement, report or other document that is taken, for any purpose, to be part of the first-mentioned report; or

(c) notifying ASIC of a matter under section 311.

(2) A person has qualified privilege in respect of:

(a)

the publishing of any document prepared by an auditor in the course of his or her duties and required by or under this Act to be lodged, whether or not the document has been lodged; or

(b)

the publishing of any statement made by an auditor as mentioned in subsection (1).