Agents Financial Administration Regulation 2014
sec.3Principal agent must keep particular books, accounts and records
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sec.3 Principal agent must keep particular books, accounts and records
A principal agent must keep the following books, accounts and records— a register of trust account receipt forms; consecutively numbered trust account receipt forms in duplicate; trust account deposit forms in duplicate; a trust account cash book; a trust account ledger; a trust account journal with journal pages or entries consecutively numbered; full and accurate accounts of amounts paid or received for a sale or transaction. Maximum penalty—10 penalty units. The books, accounts and records mentioned in subsection (1) must be kept in a way that can be properly audited. Maximum penalty—10 penalty units. (sec.3-ssec.1) A principal agent must keep the following books, accounts and records— a register of trust account receipt forms; consecutively numbered trust account receipt forms in duplicate; trust account deposit forms in duplicate; a trust account cash book; a trust account ledger; a trust account journal with journal pages or entries consecutively numbered; full and accurate accounts of amounts paid or received for a sale or transaction. Maximum penalty—10 penalty units. (sec.3-ssec.2) The books, accounts and records mentioned in subsection (1) must be kept in a way that can be properly audited. Maximum penalty—10 penalty units.
- (a) a register of trust account receipt forms;
- (b) consecutively numbered trust account receipt forms in duplicate;
- (c) trust account deposit forms in duplicate;
- (d) a trust account cash book;
- (e) a trust account ledger;
- (f) a trust account journal with journal pages or entries consecutively numbered;
- (g) full and accurate accounts of amounts paid or received for a sale or transaction.