sec.35Time for audit

### sec.35 Time for audit This section applies to an agent for each audit period for which the agent’s trust accounts must be audited. The agent must, within 4 months after the last day of the audit month in each year or the extended period allowed by the chief executive under subsection (3) — have the agent’s trust accounts for the last audit period audited by the person’s auditor; and file the agent’s signed original audit report with the chief executive. Maximum penalty—200 penalty units or 2 years imprisonment. The auditor must give the agent a signed original audit report under section 40 (Audit reports). The chief executive may extend the time mentioned in subsection (2) if the agent or the agent’s auditor applies in writing to the chief executive for the extension. The application must state the grounds on which the extension is sought. If the agent is charged with an offence relating to a failure to file an audit report, it does not matter that the contravention happened without the agent’s authority or contrary to the agent’s instructions. (sec.35-ssec.1) This section applies to an agent for each audit period for which the agent’s trust accounts must be audited. (sec.35-ssec.2) The agent must, within 4 months after the last day of the audit month in each year or the extended period allowed by the chief executive under subsection (3) — have the agent’s trust accounts for the last audit period audited by the person’s auditor; and file the agent’s signed original audit report with the chief executive. Maximum penalty—200 penalty units or 2 years imprisonment. The auditor must give the agent a signed original audit report under section 40 (Audit reports). (sec.35-ssec.3) The chief executive may extend the time mentioned in subsection (2) if the agent or the agent’s auditor applies in writing to the chief executive for the extension. (sec.35-ssec.4) The application must state the grounds on which the extension is sought. (sec.35-ssec.5) If the agent is charged with an offence relating to a failure to file an audit report, it does not matter that the contravention happened without the agent’s authority or contrary to the agent’s instructions. - (a) have the agent’s trust accounts for the last audit period audited by the person’s auditor; and - (b) file the agent’s signed original audit report with the chief executive.