Document ID: chunk:federal_register_of_legislation:C2025C00185:section:328d
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 328D
Character Range: 1312495–1313149

328D  Public company auditor (appointment of auditor when $3 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 $3 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).