sec.309Auditor’s consent to appointment (cf Corporations Act s 328A )

sec.309 Auditor’s consent to appointment (cf Corporations Act s 328A )

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unless that individual, firm or company— has consented, before the appointment, to act as auditor; and has not withdrawn that consent before the appointment is made; and for the purposes of this section, a consent, or the withdrawal of a consent, must be given by written notice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unless that individual, firm or company— has consented, before the appointment, to act as auditor; and has not withdrawn that consent before the appointment is made; and for the purposes of this section, a consent, or the withdrawal of a consent, must be given by written notice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

• (a) has consented, before the appointment, to act as auditor; and
• (b) has not withdrawn that consent before the appointment is made;
• (a) in the firm name; and
• (b) in his or her own name.
• (a) in the company’s name; and
• (b) in his or her own name.
• (a) the purported appointment does not have any effect; and
• (b) the co-operative is guilty of an offence.