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Financial Intermediaries Act 1996
sec.148Person as society’s auditor
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sec.148 Person as society’s auditor
A person must not— consent to be appointed as auditor of a society; or act as auditor of a society; or prepare a report required by this Act to be prepared by a registered company auditor or by an auditor of a society; if— the person is not a registered company auditor; or the person is indebted in an amount of more than $5000 to the society; or the person— is an officer of the society; or is a partner, employer or employee of an officer of the society; or is a partner or employee of an employee of an officer of the society. Maximum penalty—160 penalty units.
- (a) consent to be appointed as auditor of a society; or
- (b) act as auditor of a society; or
- (c) prepare a report required by this Act to be prepared by a registered company auditor or by an auditor of a society;
- (d) the person is not a registered company auditor; or
- (e) the person is indebted in an amount of more than $5000 to the society; or
- (f) the person— (i) is an officer of the society; or (ii) is a partner, employer or employee of an officer of the society; or (iii) is a partner or employee of an employee of an officer of the society.
- (i) is an officer of the society; or
- (ii) is a partner, employer or employee of an officer of the society; or
- (iii) is a partner or employee of an employee of an officer of the society.
- (i) is an officer of the society; or
- (ii) is a partner, employer or employee of an officer of the society; or
- (iii) is a partner or employee of an employee of an officer of the society.