Queensland Consolidated Acts

AGENTS FINANCIAL ADMINISTRATION ACT 2014 - SECT 30

30 Agent must appoint auditor and notify chief executive

(1) An agent must, within 1 month after opening a trust account, appoint an auditor to audit the trust account kept or to be kept by the agent.

Penalty—

Maximum penalty—200 penalty units or 1 year’s imprisonment.

(2) The agent must, within 1 month after the appointment, give the chief executive—

(a) written notice of the auditor’s name and address; and

(b) evidence the auditor has accepted the appointment.

Penalty—

Maximum penalty—200 penalty units.