78
CurrentAudit of deposits etc
Part 6Trust money and trust accounts
Division 6.8Statutory deposits
78 Audit of deposits etc
(1)
The law society must keep records of each of the following:
(a)
money deposited with it under this division;
(b)
interest received by it from the investment of the money;
(c)
amounts credited to an account under section 76 (2) (Arrangements relating to statutory interest account);
(d)
payments made by it out of the statutory interest account;
(e)
the use of money standing to the credit of a statutory interest account.
(2)
The law society must have the records audited annually by a registered company auditor within the meaning of the Corporations Act.
(3)
The law society must give a copy of each audit under this section to the Attorney-General.
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