Document ID: chunk:federal_register_of_legislation:C2017A00017:clause:2_328d
Version: federal_register_of_legislation:C2017A00017
Segment Type: clause
Provision Reference: sch 2 cl 328D
Character Range: 77077–77731

328D  Public company auditor (appointment of auditor when $1 million raised using crowd‑sourced funding)
 (1) If the directors of a public company that is covered under section 738ZI become aware that the company has raised $1 million or more from all CSF offers, the directors of the company must appoint an auditor of the company within 1 month after becoming so aware, unless the company at a general meeting has appointed an auditor.
 (2) An auditor appointed under subsection (1) holds office in accordance with section 328E.
 (3) A director of a company must take all reasonable steps to comply with, or to secure compliance with, subsection (1).