ESTATE AGENTS ACT 1980 - SECT 63A Director's supervisory role in audits

ESTATE AGENTS ACT 1980 - SECT 63A

    (1)     The Director may issue directions in relation to the conduct of audits under this Part.

    (2)     An auditor must comply with—

        (a)     any direction issued by the Director under subsection (1); and

        (b)     any prescribed auditing standards.

    (3)     If the Director is satisfied that an auditor has failed to comply with a direction issued under subsection (1), the Director may direct that the auditor no longer audit an estate agent's accounts of trust money.

    (4)     The Director must give the auditor a reasonable opportunity to make written or oral submissions, or both, before giving a direction under subsection (3).

    (5)     A direction under subsection (3) must be published in the Government Gazette and takes effect on the day it is published in the Government Gazette.

    (6)     As soon as is practicable after making a direction under subsection (3), the Director must give a copy of the direction to each approved industry association.