Victorian Consolidated Legislation

Conveyancers Act 2006 - SECT 87

Report of irregularities

87. Report of irregularities



(1) If, during an audit under this Division, an approved auditor becomes aware
of-

   (a)  a deficiency in any trust account or trust ledger account of a
        licensee; or

   (b)  a failure by a licensee to pay or deliver any trust money; or

   (c)  any other failure by a licensee to comply with this Act or the
        regulations-

the auditor must report the deficiency or failure to the Director as soon as
practicable after becoming aware of it.

(2) If, during an audit under this Division, an approved auditor forms the
opinion that the trust records of a licensee are not being kept in a way that
enables them to be conveniently and properly audited, the auditor must report
that opinion to the Director as soon as practicable after forming the opinion.