CONVEYANCERS LICENSING ACT 2003 - SECT 75
Requirement for audit
CONVEYANCERS LICENSING ACT 2003 - SECT 75
Requirement for audit
75 Requirement for audit
(1) A person who is a licensee, a former licensee or the personal
representative of a licensee must, within 3 months after the end of the audit
period applicable to the person, cause the records and documents relating to
any trust money held during that period by the person in accordance with this
Act to be audited by a person qualified to act as an auditor for the purposes
of this Division.
(2) The Secretary may in a particular case or class of
cases by order in writing extend the period of 3 months under subsection (1).
(3) The person must retain a copy of the auditor's report on the audit for a
period of 3 years after the date on which the report was made.
: Maximum
penalty--
(a) 100 penalty units in the case of a corporation, or
