Auditor required to attend listed company’s AGM
Contravention by individual auditor (1) If a listed company’s auditor for a financial year is an individual auditor, the auditor contravenes this subsection if: (a) the auditor does not attend the company’s AGM at which an auditor’s report for that financial year is considered; and (b) the auditor does not arrange to be represented, at that AGM, by a person who: (i) is a suitably qualified member of the audit team that conducted the audit; and (ii) is in a position to answer questions about the audit. (2) An offence based on subsection (1) is an offence of strict liability. Note: For strict liability, see section 6.1 of the Criminal Code. Contravention by lead auditor (3) A person contravenes this subsection if: (a) a listed company’s auditor for a financial year is an audit firm or an audit company; and (b) the person is the lead auditor for the audit; and (c) the person is not represented, at the AGM at which an auditor’s report for that financial year is considered, by a person who: (i) is a suitably qualified member of the audit team that conducted the audit; and (ii) is in a position to answer questions about the audit. (4) An offence based on subsection (3) is an offence of strict liability. Note: For strict liability, see section 6.1 of the Criminal Code.
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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