Regulatory Alerts2007-02-12 | RG-187RG 187 Auditor rotation
The regulator issued this guide to explain how it exercises relief powers under section 342A of the Corporations Act 2001 to modify auditor rotation requirements in Part 2M.4. It outlines the regulator's general approach to granting relief, the specific criteria applied, and the procedures for applying for such relief. An appendix is included to provide an overview of the underlying rotation requirements.
Issued 12 February 2007
This guide gives guidance about how we will exercise the relief power in s342A of the Corporations Act 2001 to modify the auditor rotation requirements in Pt 2M.4 of the Corporations Act.
It covers:
our general approach to relief
criteria for relief
applying for relief.
We have also included an Appendix giving an overview of the rotation requirements.
Download RG 187 (PDF 156 KB)