South Australian Current Regulations South Australian Current Regulations (1) A collection agent
must, at the end of each month, prepare and keep as part of the agent's
records—
(a) a
statement reconciling the balance of the agent's cash books, or equivalent
computer records, kept under regulation 29 with the balance of the
agent's trust account; and
(b) a
statement reconciling the balances of the ledgers comprised in the agent's
trust ledger accounts with the balance of the agent's trust account.
(2) The agent is not
required to set out a list of individual balances, or the names of the clients
on whose behalf money is held, when preparing the statement referred to in
subregulation (1)(b).