Section 327C — Corporations Act 2001 (Cth)

(1) If:

(a) a vacancy occurs in the office of auditor of a public company; and

(b) the vacancy is not caused by the removal of an auditor from office; and

(c) there is no surviving or continuing auditor of the company;

the directors must, within 1 month after the vacancy occurs, appoint an auditor to fill the vacancy unless the company at a general meeting has appointed an auditor to fill the vacancy.

Note: Certain public companies are not required to appoint an auditor: see subsections 327A(1A) and 327B(1A).

(2) An auditor appointed under subsection (1) holds office, subject to this Part, until the company’s next AGM.

(3) A director of a public company must take all reasonable steps to comply with, or to secure compliance with, subsection (1).

Related sections

• s 325 — Appointment of auditor by proprietary company
• s 327A — Public company auditor (initial appointment of auditor)
• s 327B — Public company auditor (annual appointments at AGMs to fill vacancies)
• s 327D — Appointment to replace auditor removed from office
• s 327E — ASIC may appoint a company auditor if auditor removed but not replaced
• s 327F — ASIC’s general power to appoint a company auditor

Research how courts apply s 327C

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