60Qualifications of auditor

60 Qualifications of auditor (1) A licensed agent shall not engage as the agent's auditor, or permit the audit of the agent's accounting records relating to trust moneys to be made by, a person who: (a) is not a registered company auditor; or (b) is an employee of, or is a partner of, or is a relation of, the licensed agent; or (c) is an employee of any other licensed agent; or (d) is engaged in keeping and entering those records or has those records in the agent's custody or control; or (e) is himself or herself a licensed agent; or (f) is a director, officer or employee of a company that is a licensed agent; or (g) is a person by whom a firm is constituted that is a licensed agent; or

Agents Licensing Act 1979 42 (h) is an employee of, or is a partner of, or is a relation of, a business manager of a company or firm that is a licensed (2) For the purposes of this section, relation means: (a) the parent, grandparent, brother, sister, uncle, aunt, nephew, niece, lineal descendant or adopted child of that person or of a spouse or de facto partner of the person; or (b) a spouse or de facto partner of that person or of any other person specified in paragraph (a).