Report of irregularities
87 Report of irregularities
If, during an audit under this Division, an approved auditor becomes aware of—
a deficiency in any trust account or trust ledger account of a licensee; or
a failure by a licensee to pay or deliver any trust money; or
any other failure by a licensee to comply with this Act or the regulations—
the auditor must report the deficiency or failure to the Director as soon as practicable after becoming aware of it.
If, during an audit under this Division, an approved auditor forms the opinion that the trust records of a licensee are not being kept in a way that enables them to be conveniently and properly audited, the auditor must report that opinion to the Director as soon as practicable after forming the opinion.
S. 88 amended by No. 17/2007 s. 26(2) (ILA s. 39B(1)).
This provision refers to the regulations (the regulations
). Made under this Act:
- Conveyancers (Fees) Regulations 2018 · under section 188
- Conveyancers (Professional Conduct) Regulations 2018 · under section 188
- Conveyancers (Qualifications and Experience) Regulations 2018 · under section 188
1 more instrument made under this Act are listed on the Act’s overview.
This Act’s bill:Explanatory memorandumSecond reading speech
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