Public company auditor (appointment of auditor when $3 million raised using crowd‑sourced funding)
(1) If the directors of a public company that is covered under section 738ZI become aware that the company has raised $3 million or more from all CSF offers, the directors of the company must appoint an auditor of the company within 1 month after becoming so aware, unless the company at a general meeting has appointed an auditor. (2) An auditor appointed under subsection (1) holds office in accordance with section 328E. (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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