Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) ASIC may appoint an auditor of a registered scheme if:
(a) the responsible entity of the scheme does not appoint an auditor when required by this Act to do so; and
(b) a member of the scheme applies to ASIC in writing for the appointment of an auditor under this section.
(2) ASIC may only appoint an individual, firm or company as auditor under subsection (1) if the individual, firm or company consents to being appointed.