Div 7Accounts and audit

Division 7—Accounts and audit 27—Accounts and audit (1) A licensee must keep proper financial accounts in relation to the operation of the licensed business. Maximum penalty: $50 000. (3) A licensee must have the accounts periodically audited as required under the conditions of the licence by a registered company auditor. (4) The licensee must, on the request of the Treasurer or the Commissioner and within the time specified in the request, provide to the Treasurer or Commissioner (as the case may be) a copy of the audited accounts in relation to the operation of the licensed business. 29—Duty of auditor (1) The auditor of accounts that a licensee is required to keep either under this Division or the Corporations Act 2001 of the Commonwealth must— (a) notify the Commissioner of any suspected irregularity in the accounts or in the licensee's financial affairs; and (b) must, on the written request of the Commissioner, provide the Commissioner with information specified in the request (in a manner and form specified in the request) about the accounts or the licensee's financial affairs. (2) A communication under subsection (1) is absolutely privileged. (3) The Commissioner must, subject to subsection (4), keep information obtained under this section confidential. (4) The Commissioner may divulge information obtained under this section to the Minister or as otherwise authorised by law.