Victorian Numbered Acts Victorian Numbered Acts(1) An approved auditor must lodge with the Director a report of each audit of a licensee's trust records carried out by the auditor under section 84 within 7 weeks after the end of the audit period to which the audit relates.
Penalty: 120 penalty units.
(2) The Director may, by written notice, require a licensee to lodge with the Director a statutory declaration stating whether or not the licensee holds, or has held in any specified period, any trust money in the licensee's trust account.
(3) A licensee must comply with a requirement of the Director under sub-section (2).
Penalty: 60 penalty units.