South Australian Numbered Regulations

SECURITY AND INVESTIGATION INDUSTRY VARIATION REGULATIONS 2015 (NO 225 OF 2015) - REG 11

11—Variation of regulation 38—Requirements of audit

        (1)         Regulation 38(3)—delete subregulation (3) and substitute:

        (3)         The statement prepared by the auditor for lodging with the Commissioner must include the name, number and relevant BSB number of each trust account included in the audit.

        (2)         Regulation 38(4)—delete "verify the statement by statutory declaration and"

        (3)         Regulation 38—after subregulation (5) insert:

        (6)         Subregulations (2) and (5)(c) do not apply in relation to losses and deficiencies in a trust account that have been promptly rectified and were due to inadvertence (provided that the total of the losses and deficiencies have not exceeded $100 in any 3 month period).