New South Wales Consolidated Regulations

LEGAL PROFESSION REGULATION 2005 - REG 159

159 Appointment of accountant

A mortgagee solicitor:

(a) must appoint an accountant to audit the solicitor’s mortgage practice, and

(b) must appoint the accountant on terms that require the accountant to carry out annual compliance examinations in accordance with a work program approved by the Law Society Council, and

(c) must ensure that the accountant lodges with the Law Society, within 21 days after completing the examination, a report on the examination in the form approved by the Law Society Council.