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STRATA TITLES ACT 1988 - SECT 36I

STRATA TITLES ACT 1988 - SECT 36I

36I—Obtaining information for purposes of audit or examination

        (1)         An auditor employed by an agent to make an audit of the trust accounts of the agent, may require the agent or any other person in a position to do so—

            (a)         to produce all the accounts (including accounts that are not trust accounts) relating to the business of the agent and all documents and records relating to those accounts, including written records that reproduce in a readily understandable form information kept by computer, microfilm or other process; and

            (b)         to provide any relevant information relating to the operation of the accounts.

        (2)         The manager or other principal officer of an ADI or other financial institution with which an agent has deposited money, whether in his or her own account or in a general or separate trust account, must, on being required to do so by an auditor employed or appointed to make an audit under this Division, disclose every such account (including all deposit slips, cancelled cheques and other documents relating to the operation of the account) to the auditor.

Penalty: Division 5 fine.

        (3)         A person who is required by this section to produce documents to an auditor must permit the auditor to make a copy of the whole, or any part, of those documents.

Penalty: Division 5 fine.

        (4)         In this section—

"account" includes a record required to be kept under this Division in relation to the receipt of and disbursement of or other dealing with trust money;

"agent" includes a former agent.