Co-operatives National Law (Queensland)
sec.324Auditor to notify co-operative of declaration (cf Corporations Act s 342B )
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sec.324 Auditor to notify co-operative of declaration (cf Corporations Act s 342B )
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. The notice must specify— the name of the registered company auditor; and 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. The notice must be given— as soon as practicable after the declaration is made if the auditor has been appointed before the declaration is made; or before the auditor is appointed if the declaration is made before the auditor is appointed. (sec.324-ssec.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. (sec.324-ssec.2) The notice must specify— the name of the registered company auditor; and 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. (sec.324-ssec.3) The notice must be given— as soon as practicable after the declaration is made if the auditor has been appointed before the declaration is made; or before the auditor is appointed if the declaration is made before the auditor is appointed.
- (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.
- (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.