24—Obtaining information for purposes of audit or examination
(1) An auditor
employed by an agent to make an audit of the trust accounts of the agent, or
an examiner appointed under this Division, may require the agent or any other
person in a position to do so—
(a) to
produce all the accounts (including accounts that are not trust accounts)
relating to the business of the agent and all documents and records relating
to those accounts, including written records that reproduce in a readily
understandable form information kept by computer, microfilm or other process;
and
(b) to
provide any relevant information relating to the operation of the accounts.
(2) The manager or
other principal officer of an ADI or other financial institution with which an
agent has deposited money, whether in his or her own account or in a general
or separate trust account, must, on being required to do so by an auditor or
examiner employed or appointed to make an audit or examination under this
Division, disclose every such account (including all deposit slips, cancelled
cheques and other documents relating to the operation of the account) to the
auditor or examiner.
Maximum penalty: $20 000.
(3) A person who is
required by this section to produce documents to an auditor or examiner must
permit the auditor or examiner to make a copy of the whole, or any part, of
those documents.
Maximum penalty: $20 000.
(4) In this
section—
"account" includes a record required to be kept under this Division in
relation to the receipt and disposition of trust money;
"agent" includes a former agent.