sec.33Definitions for div 3

### sec.33 Definitions for div 3 In this division— agent includes a person who is an agent at the start of an audit period, even if the person stops being an agent before the end of the audit period. audit month , for an agent, means— if the agent is a licensee— the eighth month after the month in which the licence was first issued to the licensee and the same month in each subsequent year; or another month stated by the chief executive in a written notice given to the licensee; or If a licensee’s licence was first issued to the licensee in January, the audit month for the licensee’s licence is September. if the agent is a collection agent—the month of June. audit period means— the 12 month period in each year ending on the last day of the audit month; or another period decided by the chief executive, either generally by gazette notice, or by written notice given to an agent. audit report , for an agent, means a report from the agent’s auditor under section 40 . trust account means a general trust account or a special trust account. - (a) if the agent is a licensee— (i) the eighth month after the month in which the licence was first issued to the licensee and the same month in each subsequent year; or (ii) another month stated by the chief executive in a written notice given to the licensee; or Example of paragraph (a) (i) — If a licensee’s licence was first issued to the licensee in January, the audit month for the licensee’s licence is September. - (i) the eighth month after the month in which the licence was first issued to the licensee and the same month in each subsequent year; or - (ii) another month stated by the chief executive in a written notice given to the licensee; or Example of paragraph (a) (i) — If a licensee’s licence was first issued to the licensee in January, the audit month for the licensee’s licence is September. - (b) if the agent is a collection agent—the month of June. - (i) the eighth month after the month in which the licence was first issued to the licensee and the same month in each subsequent year; or - (ii) another month stated by the chief executive in a written notice given to the licensee; or Example of paragraph (a) (i) — If a licensee’s licence was first issued to the licensee in January, the audit month for the licensee’s licence is September. - (a) the 12 month period in each year ending on the last day of the audit month; or - (b) another period decided by the chief executive, either generally by gazette notice, or by written notice given to an agent.