Auditor to report on certain matters
(1) If an auditor, in the performance of duties as auditor of the licensee, becomes aware of a matter referred to in subsection (2), the auditor must, within 7 days after becoming aware of the matter, lodge a written report on the matter with ASIC in a prescribed form and send a copy of the report to the licensee, and to each licensed market (if any) and each licensed CS facility (if any) in which the licensee is a participant. Note: Failure to comply with this section is an offence (see subsection 1311(1)). (2) A report must be given in relation to any matter that, in the opinion of the auditor: (a) has adversely affected, is adversely affecting or may adversely affect the ability of the licensee to meet the licensee’s obligations as a licensee; or (b) constitutes or may constitute a contravention of: (i) a provision of Subdivision A or B of Division 2 (or a provision of regulations made for the purposes of such a provision); or (ii) a provision of Division 3 (or a provision of regulations made for the purposes of such a provision); or (iii) a provision of Subdivision B or C of this Division (or a provision of regulations made for the purposes of such a provision); or (iv) a condition of the licensee’s licence; or (c) constitutes an attempt to unduly influence, coerce, manipulate or mislead the auditor in the conduct of the audit.
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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