304Registrar may appoint auditor if auditor removed but not replaced

#### 304 Registrar may appoint auditor if auditor removed but not replaced 304 Registrar may appoint auditor if auditor removed but not replaced (cf Corporations Act s 327E) > > (1) This section deals with the situation in which a large co-operative fails to appoint an auditor under section 302 (2) or (3) (the auditor replacement failure). > > > (2) The co-operative must give the Registrar written notice of the auditor replacement failure within the period of 7 days commencing on the day of the auditor replacement failure (the notification period). > > > (3) If the co-operative gives the Registrar the notice required by subsection (2), the Registrar must appoint an auditor of the co-operative as soon as practicable after receiving the notice. This subsection has effect subject to section 306. > > > (4) If the co-operative does not give the Registrar the notice required by subsection (2), the Registrar may appoint an auditor of the co-operative at any time— > > > > > (a) after the end of the notification period; and > > > > > (b) before the Registrar receives notice of the auditor replacement failure from the co-operative. > > > > This subsection has effect subject to section 306. > > > (5) If the co-operative— > > > > > (a) does not give the Registrar the notice required by subsection (2); and > > > > > (b) gives the Registrar notice of the auditor replacement failure after the end of the notification period; > > > > the Registrar must appoint an auditor of the co-operative as soon as practicable after receiving the notice. This subsection has effect subject to section 306. > > > (6) Subject to this Part, an auditor appointed under this section holds office until the co-operative’s next annual general meeting.