Document ID: chunk:federal_register_of_legislation:C2025C00185:section:332g
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 332G
Character Range: 1344209–1345271

332G  Offences by members of audit firm
 (1) This Part applies to an audit firm as if it were a person, but with the changes set out in this section.
 (2) An obligation that would otherwise be imposed on the firm by a provision of this Part is imposed on each member of the firm instead, but may be discharged by any of the members.
 (3) An offence based on a provision of this Part that would otherwise be committed by the audit firm is taken to have been committed by each member of the firm.
 (4) A member of the firm does not commit an offence because of subsection (3) if the member:
 (a) does not know of the circumstances that constitute the contravention of the provision concerned; or
 (b) knows of those circumstances but takes all reasonable steps to correct the contravention as soon as possible after the member becomes aware of those circumstances.
Note: A defendant bears an evidential burden in relation to the matters in subsection (4)—see subsection 13.3(3) of the Criminal Code.

Part 2M.5—Accounting, sustainability and auditing standards