reg 22
In forceReconciliation statements
Part 3Trust accounts and indemnity fund
Division 2Trust accounts
22 Reconciliation statements
(1)
An agent must, at the end of each month, prepare and keep as part of the agent's records—
(a)
a statement reconciling the balance of the agent's cash books, or equivalent computer records, kept under regulation 20 with the balance of the agent's trust account; and
(b)
a statement reconciling the balances of the ledgers comprised in the agent's trust ledger accounts with the balance of the agent's trust account.
(2)
The agent is not required to set out a list of individual balances, or the names of the clients on whose behalf money is held, when preparing the statement referred to in subregulation (1)(b).
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