(1) If an auditor gives the board of a company written notice that he or she does not wish to be reappointed or of his or her resignation, the board must, if requested to do so by that auditor,—
(a) distribute, as soon as practicable, to all shareholders, at the expense of the company, a written statement of the auditor's reasons for his or her wish not to be reappointed or for his or her resignation; or
(2) An auditor is entitled to be paid by the company reasonable fees and expenses for making the representations to shareholders.
Section 203 heading: amended, on 15 April 2004, by section 11(1) of the Companies Amendment Act (No 2) 2004 (2004 No 24).
Section 203(1): substituted, on 15 April 2004, by section 11(2) of the Companies Amendment Act (No 2) 2004 (2004 No 24).