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CORPORATIONS ACT 2001 No. 50, 2001 - SECT 861

Auditor to report to ASIC on certain matters

(1) Where an auditor, in the performance of duties as auditor of the holder of a licence, becomes aware of a prescribed matter, the auditor must, within 7 days after becoming aware of the matter, lodge a written report on the matter and send a copy of the report to the holder and to each securities exchange of which the holder is a member. (2) In this section:

"prescribed matter" means a matter that, in the opinion of the auditor:

(a)
has adversely affected, is adversely affecting or may adversely affect the ability of the holder to meet the holder's obligations as a dealer; or

(b)
constitutes or may constitute a contravention of section 856, 866, 867, 868, 869, 870, 871, 872 or 873, or Part 7.7 or of a condition of the licence.


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