Document ID: chunk:federal_register_of_legislation:C2025C00185:section:990g
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 990G
Character Range: 4127058–4128417

990G  Resignation of auditors—requirements for resignation
 (1) An auditor of the licensee may, by written notice given to the licensee, resign as auditor of the licensee if:
 (a) the auditor has, by written notice given to ASIC, applied for consent to the resignation and, at or about the same time as the auditor gave notice to ASIC, gave written notice of the application to the licensee; and
 (b) ASIC has consented and the auditor has received notice of ASIC's consent.
 (2) ASIC must, as soon as practicable after receiving an application from an auditor under subsection (1), notify the auditor and the licensee whether it consents to the resignation.
 (3) A statement by an auditor in an application under subsection (1), or in answer to an inquiry by ASIC relating to the reasons for the application:
 (a) is not admissible in evidence in any civil or criminal proceedings in a court against the auditor other than proceedings for a contravention of section 1308; and
 (b) may not be made the ground of a prosecution (other than a prosecution for a contravention of section 1308), action or suit against the auditor.
 (4) A certificate by ASIC that a statement was made in an application under subsection (1), or in answer to an inquiry by ASIC relating to the reasons for such an application, is conclusive evidence that the statement was so made.