Document ID: chunk:federal_register_of_legislation:C2025C00185:section:331aj
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 331AJ
Character Range: 1334571–1335414

331AJ  ASIC's power to appoint auditor of a registrable superannuation entity
 (1) ASIC may appoint an auditor of a registrable superannuation entity for the purposes of this Chapter if:
 (a) the RSE licensee for the entity does not appoint an auditor when required by this Act to do so; and
 (b) a member of the entity applies to ASIC in writing for the appointment of an auditor under this section.
 (2) ASIC may only appoint an individual, firm or company as auditor under subsection (1) if the individual, firm or company consents to being appointed.
 (3) If ASIC appoints an individual, firm or company as auditor under subsection (1), ASIC must:
 (a) notify APRA of the appointment; and
 (b) do so as soon as practicable after making the appointment.

Subdivision B—Removal and resignation of registrable superannuation entity auditors