Public company auditor (initial appointment of auditor)
(1) The directors of a public company must appoint an auditor of the company within 1 month after the day on which a company is registered as a company unless the company at a general meeting has appointed an auditor. (1A) Subsection (1) does not apply in relation to a company if: (a) the directors reasonably believe that subsection 301(3) will apply to the company’s financial reports; or (b) the company is a small company limited by guarantee; or (c) the company is covered under section 738ZI just after it is registered as a company. (2) Subject to this Part, an auditor appointed under subsection (1) holds office until the company’s first AGM. (3) A director of a company must take all reasonable steps to comply with, or to secure compliance with, subsection (1).
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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