Variation of date of audit
65 Variation of date of audit
S. 65(1) amended by Nos 9925 s. 5(a), 10028 s. 38, 86/1994 s. 47(zs), 52/1998 s. 99(1).
Notwithstanding anything in section 64 an estate agent may apply in writing to the Director to fix some date other than the thirtieth day of June as the date to which his trust accounts are to be audited and the Director may in his discretion permit the agent to substitute such other date for the thirtieth day of June and that substituted date shall be no later than twelve months after the date on which an auditor's report of that estate agent's accounts under section 64 was last given.
S. 65(2) amended by Nos 9925 s. 5(b), 86/1994 s. 47(zs), 52/1998 s. 99(1).
The Director may upon giving not less than one year's notice to the agent revoke any permission granted under this section.
S. 65(3) amended by Nos 9925 s. 5(a), 86/1994 s. 47(zs), 52/1998 s. 99(1).
When permission is granted under this section the Director shall fix the period in respect of which the first audit shall be made, and the permission may be given upon such conditions with respect to the time within which the first or any subsequent audit shall be made or otherwise as the Director thinks fit.
So long as the permission remains in force and subject to any conditions which may be imposed section 64 shall in relation to the agent concerned be read as if such other date was substituted for the 30th day of June.
S. 65(5) amended by Nos 9925 s. 5(a), 86/1994 s. 47(zs), 52/1998 s. 99(1).
When any date has been substituted for the thirtieth day of June under this section the date so substituted shall not be further changed except by permission of the Director granted in accordance with this section.
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