Document ID: chunk:federal_register_of_legislation:C2025C00185:section:990d
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 990D
Character Range: 4125492–4126395

990D  Ineligible person or firm must not consent to act or disqualify themselves etc.
 (1) A person or firm, while ineligible to act as auditor of the licensee, must not:
 (a) consent to be appointed as auditor of the licensee; or
 (b) act as auditor of the licensee; or
 (c) prepare a report that an auditor of the licensee is to prepare under this Part.
Note: Failure to comply with this subsection is an offence (see subsection 1311(1)).
 (2) A person must not:
 (a) if the person has been appointed auditor of the licensee—disqualify himself or herself, while the appointment continues, from acting as auditor of the licensee; or
 (b) if the person is a member of a firm that has been appointed auditor of the licensee—disqualify the firm, while the appointment continues, from acting as auditor of the licensee.
Note: Failure to comply with this subsection is an offence (see subsection 1311(1)).