Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 331AJ

  (1)   ASIC may appoint an auditor of a registrable superannuation entity for the purposes of this Chapter if:

  (a)   the RSE licensee for the entity does not appoint an auditor when required by this Act to do so; and

  (b)   a member of the entity 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.

  (3)   If ASIC appoints an individual, firm or company as auditor under subsection   (1), ASIC must:

  (a)   notify APRA of the appointment; and

  (b)   do so as soon as practicable after making the appointment.