Cancellation or suspension in other cases
ASIC may cancel or suspend a company’s registration as an authorised audit company if: (a) the company ceases to be eligible to be registered as an authorised audit company; or (b) the company fails to meet conditions or observe restrictions imposed on the company’s registration as an authorised audit company; or (c) in the case of a company that is a leviable entity (within the meaning of the ASIC Supervisory Cost Recovery Levy Act 2017)—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 company; (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 1299K for when the cancellation takes effect.
Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.
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