Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) ASIC may, in writing, appoint as auditors for the purposes of this Division:
(a) one or more suitably qualified persons; or
(b) the members of one or more classes of suitably qualified persons.
(2) The reasonable fees and expenses of an auditor for preparing an audit report under this Division are payable by the person required to arrange for the preparation of the statement to which the audit report relates.
(3) The auditor may recover those fees by action against that person.