reg 28
In forceCertain persons may not audit accounts and records of agent
Part 3Trust accounts and indemnity fund
Division 2Trust accounts
28 Certain persons may not audit accounts and records of agent
A person must not audit the accounts and records of an agent if the person—
(a)
is, or has been within 2 years, an employee or partner of the agent; or
(b)
is an employee of another agent actually carrying on business as an agent; or
(c)
is, himself or herself, an agent carrying on business as an agent.
Maximum penalty: Maximum penalty: $2 500.
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