Document ID: chunk:federal_register_of_legislation:C2010C00601:clause:1_9
Version: federal_register_of_legislation:C2010C00601
Segment Type: clause
Provision Reference: sch 1 cl 9
Character Range: 5675–6179

9  Subsection 118‑425(5)
Repeal the subsection, substitute:

Registered auditor

 (5) The company must have as its auditor:
 (a) a person registered as a company auditor under a law in force in a State or a Territory; or
 (b) if the company is no longer an Australian resident—a person registered as a company auditor under a law in force in the country of which the company is a resident.

Note: This requirement is ongoing. It is not limited to the circumstances at the time the investment was made.