Queensland Consolidated Acts

BUILDING INDUSTRY FAIRNESS (SECURITY OF PAYMENT) ACT 2017 - SECT 58

58 Commissioner may give redacted information to professional bodies

(1) This section applies if the commissioner reasonably suspects the conduct of an auditor engaged under section 57 breaches a professional standard or condition applying to the auditor.

(2) The commissioner may inform the relevant professional body of the conduct and give the body any information necessary to investigate the conduct.

(3) The commissioner must redact from any information given to the professional body all information identifying the trustee of a project trust or retention trust.

(4) In this section—

"condition" means a condition imposed as part of registration as an auditor or accountant.

"professional body" means—

(a) an entity of which an auditor is a member as an auditor or accountant; or

(b) an entity that registers or licenses a person as an auditor.

"professional standard" means a standard about auditing or accounting made, or adopted, by a professional body.