QLDIn ForceAct
Agents Financial Administration Act 2014
sec.34What trust accounts must be audited
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### sec.34 What trust accounts must be audited
An agent’s trust accounts must be audited for each audit period during which the agent carried on business as an agent and operated a trust account.
An agent’s trust accounts need not be audited for an audit period if the agent gives the chief executive a statutory declaration that the agent did not operate a trust account during the period.
(sec.34-ssec.1) An agent’s trust accounts must be audited for each audit period during which the agent carried on business as an agent and operated a trust account.
(sec.34-ssec.2) An agent’s trust accounts need not be audited for an audit period if the agent gives the chief executive a statutory declaration that the agent did not operate a trust account during the period.