Document ID: chunk:federal_register_of_legislation:C2025C00185:section:342b
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 342B
Character Range: 1360445–1361531

342B  Auditor to notify company, registered scheme or registrable superannuation entity of section 342A declaration
 (1) If a registered company auditor plays a significant role in the audit of a company, registered scheme or registrable superannuation entity in reliance on a declaration by ASIC under section 342A, the auditor must give:
 (a) the company; or
 (b) the responsible entity for the registered scheme; or
 (c) the registrable superannuation entity;
written notice of the declaration.
 (2) The notice must specify:
 (a) the name of the registered company auditor; and
 (b) the additional financial years for which the registered company auditor is, because of the declaration under section 342A, eligible to play a significant role in the audit of the company, registered scheme or registrable superannuation entity.
 (3) The notice must be given:
 (a) as soon as practicable after the declaration is made if the auditor has been appointed before the declaration is made; or
 (b) before the auditor is appointed if the declaration is made before the auditor is appointed.