309Auditor’s consent to appointment

#### 309 Auditor’s consent to appointment 309 Auditor’s consent to appointment (cf Corporations Act s 328A) > > (1) A co-operative or the directors of a co-operative must not appoint an individual, firm or company as auditor of the co-operative unless that individual, firm or company— > > > > > (a) has consented, before the appointment, to act as auditor; and > > > > > (b) has not withdrawn that consent before the appointment is made; > > > > and for the purposes of this section, a consent, or the withdrawal of a consent, must be given by written notice to the co-operative or the directors. > > > (2) A notice under subsection (1) given by a firm must be signed by a member of the firm who is a registered company auditor both— > > > > > (a) in the firm name; and > > > > > (b) in his or her own name. > > > (3) A notice under subsection (1) given by a company must be signed by a director or senior manager of the company both— > > > > > (a) in the company’s name; and > > > > > (b) in his or her own name. > > > (4) If a co-operative or the directors of a co-operative appoint an individual, firm or company as auditor of a co-operative in contravention of subsection (1)— > > > > > (a) the purported appointment does not have any effect; and > > > > > (b) the co-operative is guilty of an offence. > > > > Maximum penalty (for subsection (4)): $2,500.