306Restrictions on Registrar’s powers to appoint auditor of large co-operative

306 Restrictions on Registrar’s powers to appoint auditor of large co-operative

306 Restrictions on Registrar’s powers to appoint auditor of large co-operative

(cf Corporations Act s 327G)

(1) The Registrar may appoint an individual, firm or company as auditor of a co-operative under section 304 or 305 only if the individual, firm or company consents to being appointed.

(2) The Registrar must not appoint an auditor of a co-operative under section 304 or 305 if—

(a) there is another auditor of the co-operative (the continuing auditor); and

(b) the Registrar is satisfied that the continuing auditor is able to carry out the responsibilities of auditor alone; and

(c) the continuing auditor agrees to continue as auditor.

(3) The Registrar must not appoint an auditor of a co-operative under section 304 or 305 if—

(a) the co-operative does not give the Registrar the notice required by section 304 (2) before the end of the notification period; and

(b) the Registrar has already appointed an auditor of the co-operative under section 304 after the end of the notification period.