Document ID: chunk:federal_register_of_legislation:C2004A01334:clause:1_327c
Version: federal_register_of_legislation:C2004A01334
Segment Type: clause
Provision Reference: sch 1 cl 327C
Character Range: 178822–179544

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.

 (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).