Document ID: chunk:federal_register_of_legislation:C2005C00497:clause:2_18
Version: federal_register_of_legislation:C2005C00497
Segment Type: clause
Provision Reference: sch 2 cl 18
Character Range: 19397–20196

18  Referring matters to the professional associations for auditors

 (1) This section applies if APRA directs an ADI under section 17 to remove a person from the position of auditor of the ADI.

 (2) APRA may refer details of the matter to the following:
 (a) the Companies Auditors and Liquidators Disciplinary Board established by Division 1 of Part 11 of the Australian Securities and Investments Commission Act 2001;
 (b) those members of the professional association of the auditor who APRA believes will be involved in considering or taking any disciplinary or other action concerning the matter against the auditor.

 (3) When APRA refers details of a matter, APRA must also give written notice of the referral (including the nature of the matter) to the auditor.

Division 3—Governance