South Australian Consolidated Acts South Australian Consolidated Acts35—Obtaining information for purposes of audit or examination
(1) An
approved auditor or an inspector appointed under this Division may require a
prescribed person to furnish or produce specified information or documents or
information or documents of a specified kind (including authorities and orders
to ADIs or others) that are reasonably required for the purposes of an audit
or examination under this Division.
(2) An inspector
appointed under this Division may require an approved auditor to produce to
the inspector any documents used, prepared or obtained by the auditor in the
course of auditing any accounts and records as required by this Division (but
the auditor cannot be required to produce the auditor's own working papers).
(3) A person who,
without reasonable excuse, refuses or fails to comply forthwith with a
requirement of an approved auditor or inspector under this section is guilty
of an offence.
Maximum penalty: $10 000.
(4) In this
section—
"financial institution" means an ADI, insurance company, trustee company,
broker or other body or person that carries on a business involving the
acceptance of money on deposit or by way of investment;
"prescribed person" means—
(a) the
legal practitioner or former legal practitioner whose accounts or records are
being audited or examined; or
(b) a
person who is, or was formerly, the partner, employer, employee or agent of
the legal practitioner or former legal practitioner; or
(c) a
financial institution with which the legal practitioner or former
legal practitioner has deposited or invested money.