305Registrar’s general power to appoint auditor of large co-operative

305 Registrar’s general power to appoint auditor of large co-operative

305 Registrar’s general power to appoint auditor of large co-operative

(cf Corporations Act s 327F)

(1) The Registrar may appoint an auditor of a large co-operative if—

(a) the co-operative does not appoint an auditor when required by this Law to do so; and

(b) a member of the co-operative applies to the Registrar in writing for the appointment of an auditor under this section.

This subsection has effect subject to section 306.

(2) An individual, firm or company appointed as auditor of a co-operative under subsection (1) holds office, subject to this Part, until the next annual general meeting of the co-operative.