South Australian Consolidated Acts South Australian Consolidated Acts33—Audit of trust accounts etc
(1) A
legal practitioner who maintains a trust account must in each year—
(a) have
the accounts and records kept by the legal practitioner under this Division
(made up to 30 June in that year) audited by an auditor approved by the
Supreme Court in accordance with the regulations (an "approved auditor ); and
(b)
submit a copy of the auditor's report to the Supreme Court on or before 31
October in that year or such later date as the Supreme Court may allow.
Maximum penalty: $10 000.
(2) If a
local legal practitioner fails to submit a copy of an auditor's report to the
Supreme Court in accordance with subsection (1), the legal practitioner's
practising certificate will be taken to be suspended until subsection (1)
is complied with.