Document ID: chunk:federal_register_of_legislation:C2025C00185:section:331ad
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 331AD
Character Range: 1328531–1329342

331AD  Effect of winding up on office of auditor
  An auditor of a registered scheme ceases to hold office if:
 (a) the scheme's constitution provides that the scheme is to be wound up at a specified time, in specified circumstances or on the happening of a specified event, and that time is reached, those circumstances occur or that event occurs; or
 (b) the members pass a resolution directing the responsible entity to wind up the scheme; or
 (c) the Court makes an order directing the responsible entity to wind up the scheme; or
 (d) the members pass a resolution to remove the responsible entity but do not, at the same meeting, pass a resolution choosing a company to be the new responsible entity that consents to becoming the scheme's responsible entity.

Subdivision C—Fees and expenses of auditors