Section 324CMCorporations Act 2001 (Cth)

Deliberately disqualifying auditor

Individual auditor

(1) An individual contravenes this subsection if:

(a) the individual is appointed auditor of a company, registered scheme or registrable superannuation entity; and

(b) while the appointment continues, the individual brings about a state of affairs; and

(c) the individual cannot, while that state of affairs continues, act as auditor of the company, scheme or entity without contravening Division 2 or 3.

Audit firm

(2) A member of a firm contravenes this subsection if:

(a) the firm is appointed auditor of a company, registered scheme or registrable superannuation entity; and

(b) while the appointment continues, the member brings about a state of affairs; and

(c) the firm cannot, while that state of affairs continues, act as auditor of the company, scheme or entity without a person contravening Division 2 or 3.

Audit company

(3) A person who is:

(a) a member of a company; or

(b) a director of a company; or

(c) a lead auditor in relation to an audit conducted by a company;

contravenes this subsection if:

(d) the company is appointed auditor of a company, registered scheme or registrable superannuation entity; and

(e) while the appointment continues, the person brings about a state of affairs; and

(f) the company cannot, while that state of affairs continues, act as auditor of the company, scheme or entity without contravening Division 2 or 3.

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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