CORPORATIONS ACT 2001 - SECT 324CM Deliberately disqualifying auditor

CORPORATIONS ACT 2001 - SECT 324CM

Individual auditor

  (1)   An individual contravenes this subsection if:

  (a)   the individual is appointed auditor of a company, registered scheme or registrable superannuation entity; and

  (b)   while the appointment continues, the individual brings about a state of affairs; and

  (c)   the individual cannot, while that state of affairs continues, act as auditor of the company, scheme or entity without contravening Division   2 or 3.

Audit firm

  (2)   A member of a firm contravenes this subsection if:

  (a)   the firm is appointed auditor of a company, registered scheme or registrable superannuation entity; and

  (b)   while the appointment continues, the member brings about a state of affairs; and

  (c)   the firm cannot, while that state of affairs continues, act as auditor of the company, scheme or entity without a person contravening Division   2 or 3.

Audit company

  (3)   A person who is:

  (a)   a member of a company; or

  (b)   a director of a company; or

  (c)   a lead auditor in relation to an audit conducted by a company;

contravenes this subsection if:

  (d)   the company is appointed auditor of a company, registered scheme or registrable superannuation entity; and

  (e)   while the appointment continues, the person brings about a state of affairs; and

  (f)   the company cannot, while that state of affairs continues, act as auditor of the company, scheme or entity without contravening Division   2 or 3.