139Nomination of auditors

139 Nomination of auditors

139 Nomination of auditors

(1) Subject to this section, a society must not appoint a person or firm as auditor of the society at its annual general meeting, not being a meeting at which an auditor is removed from office, unless written notice of nomination of the person or firm as auditor was given to the society by a member—

(a) before the meeting was convened, or

(b) not less than 3 weeks before the meeting.

(2) A purported appointment of a person or firm as auditor of the society in contravention of subsection (1) has no effect.

(3) If a society contravenes subsection (1), the society and any officer of the society who is in default each commits an offence.

Maximum penalty—20 penalty units.

(4) If the society receives notice of nomination of a person or firm as auditor, the society must give a copy of the notice of nomination to—

(a) the person or firm nominated, and

(b) each auditor of the society.

Maximum penalty—20 penalty units.

(5) The copy of the notice of nomination must be given—

(a) not less than 7 days before the meeting or adjourned meeting at which the person or firm is proposed to be appointed, or

(b) when notice of the meeting or adjourned meeting is given.

s 139: Am 2024 No 25, Sch 5.3[5].