Requirements that may be imposed for investigations, examinations and audits under Schedule 2
3 Requirements that may be imposed for investigations, examinations and audits under Schedule 2
For the purpose of carrying out a trust account investigation or trust account examination in relation to a law practice, an investigator may, on production of evidence of his or her appointment, require the practice or an associate or former associate of the practice or any other person (including, for example, an ADI, auditor or liquidator) who has or has had control of documents relating to the affairs of the practice to give the investigator either or both of the following:
access to the documents relating to the affairs of the practice the investigator reasonably requires;
information relating to the affairs of the practice the investigator reasonably requires (verified by statutory declaration if the requirement so states).
A person who is subject to a requirement under subclause (1) must comply with the requirement.
Maximum penalty: $50 000 or imprisonment for 1 year.
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