Queensland Consolidated Acts

AGENTS FINANCIAL ADMINISTRATION ACT 2014 - SECT 37

37 Auditor’s advice to chief executive

An auditor must immediately give written notice to the chief executive if the auditor—

(a) can not report that a trust account has been satisfactorily kept under this Act; or

(b) finds, on an unannounced examination of an agent’s trust accounts, an irregularity relating to an account that ought to be brought to the chief executive’s notice.

Penalty—

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