Document ID: chunk:federal_register_of_legislation:C2025C00185:section:1299i
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 1299I
Character Range: 5442872–5443755

1299I  Cancellation or suspension in other cases
  ASIC may cancel or suspend a company's registration as an authorised audit company if:
 (a) the company ceases to be eligible to be registered as an authorised audit company; or
 (b) the company fails to meet conditions or observe restrictions imposed on the company's registration as an authorised audit company; or
 (c) in the case of a company that is a leviable entity (within the meaning of the ASIC Supervisory Cost Recovery Levy Act 2017)—the following have not been paid in full at least 12 months after the due date for payment:
 (i) an amount of levy (if any) payable in respect of the company;
 (ii) an amount of late payment penalty payable (if any) in relation to the levy;
 (iii) an amount of shortfall penalty payable (if any) in relation to the levy.
Note: See section 1299K for when the cancellation takes effect.