Document ID: chunk:federal_register_of_legislation:C2025C00185:section:327a
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 327A
Character Range: 1298263–1299107

327A  Public company auditor (initial appointment of auditor)
 (1) The directors of a public company must appoint an auditor of the company within 1 month after the day on which a company is registered as a company unless the company at a general meeting has appointed an auditor.
 (1A) Subsection (1) does not apply in relation to a company if:
 (a) the directors reasonably believe that subsection 301(3) will apply to the company's financial reports; or
 (b) the company is a small company limited by guarantee; or
 (c) the company is covered under section 738ZI just after it is registered as a company.
 (2) Subject to this Part, an auditor appointed under subsection (1) holds office until the company's first AGM.
 (3) A director of a company must take all reasonable steps to comply with, or to secure compliance with, subsection (1).