Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 334

334. (1) The auditor of a borrowing corporation shall, within 7 days after
furnishing the corporation or its members with any report, certificate or
other document that the auditor is required by this Act or by the debentures
or trust deed to give to the corporation or its members, send to every trustee
for the holders of debentures of the borrowing corporation a copy of the
report, certificate or document, together with a copy of each document
accompanying the report, certificate or document so furnished.

(2) Where, in the performance of duties as auditor of a borrowing corporation,
or a guarantor body, the auditor becomes aware of any matter that, in the
auditor's opinion, is or is likely to be prejudicial to the interests of the
holders of debentures of the borrowing corporation and is relevant to the
exercise and performance of the powers and duties imposed by this Act or by
any trust deed upon any trustee for the holders of the debentures, the auditor
shall, within 7 days after becoming aware of the matter, send a report in
writing on the matter to the corporation of which the auditor is auditor and a
copy of the report to the trustee.