ASIC Corporations (CCIV Auditors) Instrument 2024/668

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ASIC Corporations (CCIV Auditors) Instrument 2024/668

I, Kate Metz, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.

Date 29 August 2024

Kate Metz

Contents

Part 1—Preliminary 3

1 Name of legislative instrument....................................3

2 Commencement...............................................3

3 Authority....................................................3

4 Definitions...................................................3

Part 2—Declaration 3

5 Appointment, removal and fees of auditors for CCIVs.................3

Part 3—Repeal 3

6 Repeal.......................................................3

Part 1—Preliminary

1 Name of legislative instrument

This is the ASIC Corporations (CCIV Auditors) Instrument 2024/668.

2 Commencement

This instrument commences on the day after it is registered on the Federal Register of Legislation.

Note: The register may be accessed at www.legislation.gov.au.

3 Authority

This instrument is made under paragraph 1243(2)(b) of the Corporations Act 2001.

4 Definitions

In this instrument:

Act means the Corporations Act 2001.

CCIV provisions has the same meaning as in section 1243 of the Act.

Part 2—Declaration

5 Appointment, removal and fees of auditors for CCIVs

The CCIV provisions apply in relation to retail CCIVs as if section 1232R of the Act were modified or varied by inserting after subsection 1232R(2):

“(3) The corporate director of a retail CCIV must lodge a notice in the approved form telling ASIC of the appointment by the CCIV of an auditor of the CCIV under section 331AAA or 331AAB of the Act (as applicable to the CCIV because of subsection (2)) within 14 days of the appointment.”.

Part 3—Repeal

6 Repeal

This instrument is repealed at the start of 1 October 2029.