Commonwealth Consolidated Acts Commonwealth Consolidated Acts(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).