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Agents Act 2003
115Requirement for audit
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115 Requirement for audit
(a) the person—
(i) is or was a licensed property agent; or
(ii) is a personal representative of a licensed property agent;
and
(b) the person held trust money during an audit period applying to
the agent; and
Audit of trust accounts Division 7.4
(c) within 3 months after the end of the audit period or any longer
period allowed by the commissioner for fair trading, the
person’s records relating to the trust money have not been
audited by a qualified auditor.