Section 1291 — Corporations Act 2001 (Cth)

ASIC may cancel or suspend a person’s registration as an auditor if:

(a) the person is liable to pay levy imposed by the ASIC Supervisory Cost Recovery Levy Act 2017; and

(b) the following have not been paid in full at least 12 months after the due date for payment:

(i) an amount of levy (if any) payable in respect of the person;

(ii) an amount of late payment penalty payable (if any) in relation to the levy;

(iii) an amount of shortfall penalty payable (if any) in relation to the levy.

Note: See section 1298 for the effect of suspension.

Related sections

• s 1289 — Auditors and other persons to enjoy qualified privilege in certain circumstances
• s 1289A — ASIC may impose conditions on registration
• s 1290 — Cancellation at request of registered person
• s 1291A — Notice of suspension or cancellation
• s 1291B — ASIC may vary or revoke suspension
• s 1292 — Powers of Board in relation to auditors

Research how courts apply s 1291

BriefBridge searches Australian caselaw by meaning — every answer cited to the paragraph.