Document ID: chunk:federal_register_of_legislation:C2004A01334:clause:1_327b:p2
Version: federal_register_of_legislation:C2004A01334
Segment Type: clause
Provision Reference: sch 1 cl 327B (pt 2/2)
Character Range: 178057–178819

have, ceased to exist before the end of the period (the remedial period) of 21 days from the start day.

 (2D) The notification day is:
 (a) the last day of the remedial period; or
 (b) such later day as ASIC approves in writing (whether before or after the remedial period ends).

 (3) A director of a company must take all reasonable steps to comply with, or to secure compliance with, subsection (1).

 (4) If an audit firm ceases to be the auditor of a company under subsection (2) at a particular time, each member of the firm who:
 (a) is taken to have been appointed as an auditor of the company under subsection 324AB(1) or 324AC(4); and
 (b) is an auditor of the company immediately before that time;
ceases to be an auditor of the company at that time.