Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) If ASIC decides to cancel or suspend a company's registration as an authorised audit company under section 1299I, ASIC must, within 14 days after the decision:
(a) give to the company written notice setting out the decision and the reasons for it; and
(b) publish written notice of the decision in the Gazette .
(2) The validity of a decision by ASIC is not affected by a failure by ASIC to comply with subsection (1) in relation to the decision.