Document ID: chunk:federal_register_of_legislation:C2005C00502:clause:2_8
Version: federal_register_of_legislation:C2005C00502
Segment Type: clause
Provision Reference: sch 2 cl 8
Character Range: 102974–103631

8  Auditors may be taken to be appointed under the new Act

(1) APRA may determine (in writing) that a person who was, immediately before the commencement, acting in accordance with the old Act as a body corporate's auditor, is:
 (a) on and after the commencement; or
 (b) on and after a specified day during the transition period;
taken to have been appointed as the body corporate's auditor in accordance with section 39 of the new Act.

(2) APRA may only make the determination with the person's written agreement.

(3) APRA must give a copy of the determination to the person and the body corporate to which the person is taken to have been appointed.