Queensland Consolidated Acts

AGENTS FINANCIAL ADMINISTRATION ACT 2014 - SECT 34

34 What trust accounts must be audited

(1) An agent’s trust accounts must be audited for each audit period during which the agent carried on business as an agent and operated a trust account.

(2) An agent’s trust accounts need not be audited for an audit period if the agent gives the chief executive a statutory declaration that the agent did not operate a trust account during the period.