Victorian Consolidated Legislation

Conveyancers Act 2006 - SECT 85

Annual report of trust records audit or statutory declaration

85. Annual report of trust records audit or statutory declaration



(1) An approved auditor must lodge with the Director a report of each audit of
a licensee's trust records carried out by the auditor under section 84 within
7 weeks after the end of the audit period to which the audit relates.

Penalty: 120 penalty units.

(2) The Director may, by written notice, require a licensee to lodge with the
Director a statutory declaration stating whether or not the licensee holds, or
has held in any specified period, any trust money in the licensee's trust
account.

(3) A licensee must comply with a requirement of the Director under subsection
(2).

Penalty: 60 penalty units.