(1) Except as provided
in subsection (2), a reviewer or auditor, as the case requires, for an
incorporated association may only be appointed by resolution of the members of
the association at a general meeting.
(2) The management
committee of the incorporated association may appoint a reviewer or auditor,
as the case requires, if —
(a)
under this Part the management committee of an incorporated association is
required to ensure that its financial statements for a year are reviewed or
audited; and
(b) no
appointment is of effect under subsection (1) for the association.
(3) A reviewer or
auditor of an incorporated association appointed at a general meeting holds
office until the reviewer or auditor —
(a)
dies; or
(b)
becomes an insolvent under administration as that term is defined in the
Corporations Act; or
(c)
ceases to be qualified for appointment as provided by section 88(2); or
(d) is
removed from office under section 89; or
(e)
resigns from office under subsection (5).
(4) A reviewer or
auditor appointed under subsection (2) holds office until the report of the
review or the auditor’s report, as the case requires, has been presented
for consideration at the annual general meeting of the incorporated
association.
(5) A reviewer or
auditor of an incorporated association may, by notice in writing given to the
association, resign as reviewer or auditor of the association.
(6) An incorporated
association must, within 14 days after being given a notice of resignation by
a reviewer or auditor, lodge with the Commissioner notice of the resignation
in the approved form.
Penalty: a fine of $1 000.