sec.306Restrictions on Registrar’s powers to appoint auditor of large co-operative (cf Corporations Act s 327G )

sec.306 Restrictions on Registrar’s powers to appoint auditor of large co-operative (cf Corporations Act s 327G )

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. The Registrar must not appoint an auditor of a co-operative under section 304 or 305 if— there is another auditor of the co-operative (the continuing auditor ); and the Registrar is satisfied that the continuing auditor is able to carry out the responsibilities of auditor alone; and the continuing auditor agrees to continue as auditor. The Registrar must not appoint an auditor of a co-operative under section 304 or 305 if— the co-operative does not give the Registrar the notice required by section 304 (2) before the end of the notification period; and the Registrar has already appointed an auditor of the co-operative under section 304 after the end of the notification period. (sec.306-ssec.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. (sec.306-ssec.2) The Registrar must not appoint an auditor of a co-operative under section 304 or 305 if— there is another auditor of the co-operative (the continuing auditor ); and the Registrar is satisfied that the continuing auditor is able to carry out the responsibilities of auditor alone; and the continuing auditor agrees to continue as auditor. (sec.306-ssec.3) The Registrar must not appoint an auditor of a co-operative under section 304 or 305 if— the co-operative does not give the Registrar the notice required by section 304 (2) before the end of the notification period; and the Registrar has already appointed an auditor of the co-operative under section 304 after the end of the notification period.

• (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.
• (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.