South Australian Numbered Regulations

SECURITY AND INVESTIGATION INDUSTRY VARIATION REGULATIONS 2015 (NO 225 OF 2015) - REG 9

9—Variation of regulation 36—Requirement to submit audit statement or declaration

        (1)         Regulation 36(1)—delete "A collection" and substitute:

Subject to subregulation (1a), a collection

        (2)         Regulation 36—after subregulation (1) insert:

        (1a)         If regulation 35(2) applies in relation to a collection agent's trust account during a particular audit period, the collection agent must, instead of lodging a statement under subregulation (1) in respect of that audit period, lodge with the Commissioner a declaration in accordance with this regulation setting out the reasons for not holding any money in the trust account during that period.

Maximum penalty: $2 500.

        (3)         Regulation 36(3)—delete "The declaration" and substitute:

A declaration required under this regulation