55Accounting records

55 Accounting records (1) A licensed agent shall keep such accounting records as disclose particulars of: (a) all trust moneys received from day to day by the agent on behalf of each client for whom he or she acts; and (b) all payments made by the agent from day to day out of the trust moneys so received.

Agents Licensing Act 1979 39 (2) A licensed agent shall: (a) keep the accounting records referred to in subsection (1): (i) in written or printed form in the English language; or (ii) so as to enable them to be readily accessible and readily convertible into written or printed form in the English language; and (b) cause those records to be kept in such a manner that they can be conveniently and properly audited; and (c) retain those records for a period of not less than 6 years after the date on which the last entry in those records was made. 12 months.