Document ID: chunk:federal_register_of_legislation:C2025C00185:section:327c
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 327C
Character Range: 1302662–1303490

327C  Public company auditor (appointment to fill casual vacancy)
 (1) If:
 (a) a vacancy occurs in the office of auditor of a public company; and
 (b) the vacancy is not caused by the removal of an auditor from office; and
 (c) there is no surviving or continuing auditor of the company;
the directors must, within 1 month after the vacancy occurs, appoint an auditor to fill the vacancy unless the company at a general meeting has appointed an auditor to fill the vacancy.
Note: Certain public companies are not required to appoint an auditor: see subsections 327A(1A) and 327B(1A).
 (2) An auditor appointed under subsection (1) holds office, subject to this Part, until the company's next AGM.
 (3) A director of a public company must take all reasonable steps to comply with, or to secure compliance with, subsection (1).