324Auditor to notify co-operative of declaration

#### 324 Auditor to notify co-operative of declaration 324 Auditor to notify co-operative of declaration (cf Corporations Act s 342B) > > (1) If a registered company auditor plays a significant role in the audit of a co-operative in reliance on a declaration by the Registrar under section 323, the auditor must give the co-operative written notice of the declaration. > > > > Maximum penalty—$500. > > > (2) The notice must specify— > > > > > (a) the name of the registered company auditor; and > > > > > (b) the additional financial years for which the registered company auditor is, because of the declaration under section 323, eligible to play a significant role in the audit of the co-operative. > > > (3) The notice must be given— > > > > > (a) as soon as practicable after the declaration is made if the auditor has been appointed before the declaration is made; or > > > > > (b) before the auditor is appointed if the declaration is made before the auditor is appointed.