An auditor of a registered scheme ceases to hold office if:

(a)

the scheme's constitution provides that the scheme is to be wound up at a specified time, in specified circumstances or on the happening of a specified event, and that time is reached, those circumstances occur or that event occurs; or

(b)

the members pass a resolution directing the responsible entity to wind up the scheme; or

(c)

the Court makes an order directing the responsible entity to wind up the scheme; or

(d)

the members pass a resolution to remove the responsible entity but do not, at the same meeting, pass a resolution choosing a company to be the new responsible entity that consents to becoming the scheme's responsible entity.