Queensland Consolidated Acts

AGENTS FINANCIAL ADMINISTRATION ACT 2014 - SECT 33

33 Definitions for div 3

In this division—

"agent" includes a person who is an agent at the start of an audit period, even if the person stops being an agent before the end of the audit period.

"audit month" , for an agent, means—

(a) if the agent is a licensee—

(i) the eighth month after the month in which the licence was first issued to the licensee and the same month in each subsequent year; or

(ii) another month stated by the chief executive in a written notice given to the licensee; or

Example of paragraph (a)(i)—

If a licensee’s licence was first issued to the licensee in January, the audit month for the licensee’s licence is September.

(b) if the agent is a collection agent—the month of June.

(a) the 12 month period in each year ending on the last day of the audit month; or

(b) another period decided by the chief executive, either generally by gazette notice, or by written notice given to an agent.