Commonwealth Numbered Acts

SECURITIES INDUSTRY ACT 1980 No. 66, 1980 - SECT 79

79. (1) Where an auditor, in the performance of his duties as auditor of a
dealer, becomes aware of a prescribed matter he shall, within 7 days after
becoming aware of that matter, lodge with the Commission a written report on
the matter and send a copy of the report to the dealer and to each stock
exchange of which the dealer is a member.
(2) In this section, "prescribed matter" means a matter that, in the opinion
of the auditor-

   (a)  has adversely affected, is adversely affecting or may adversely affect
        the ability of the dealer to meet his obligations as a dealer;

   (b)  constitutes or may constitute a breach of section 71, 72, 73 or 74 or
        Part VIII; or

   (c)  constitutes or may constitute a breach of a condition of a licence
        issued to the dealer under this Act.