Section 327A — Corporations Act 2001: Public company auditor (initial appointment of auditor)

(1) The directors of a public company must appoint an auditor of the company within 1 month after the day on which a company is registered as a company unless the company at a general meeting has appointed an auditor. (1A) Subsection (1) does not apply in relation to a company if: (a) the directors reasonably believe that subsection 301(3) will apply to the company’s financial reports; or (b) the company is a small company limited by guarantee; or (c) the company is covered under section 738ZI just after it is registered as a company. (2) Subject to this Part, an auditor appointed under subsection (1) holds office until the company’s first AGM. (3) A director of a company must take all reasonable steps to comply with, or to secure compliance with, subsection (1).