Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 331AAB

  (1)   If:

  (a)   a vacancy occurs in the office of auditor of a registered scheme; and

  (b)   there is no surviving or continuing auditor of the scheme;

the responsible entity must, within 1 month after the vacancy occurs, appoint an auditor to fill the vacancy.

  (2)   A director of the responsible entity of a registered scheme must take all reasonable steps to secure compliance with subsection   (1).