CTHRepealedAct
Securities Industry Act 1980
79Auditor to report to Commission in certain cases
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##### 79 Auditor to report to Commission in certain cases
(1) Where an auditor, in the performance of his duties as auditor of a dealer, becomes aware of a prescribed matter he shall, within 7 days after becoming aware of that matter, lodge with the Commission a written report on the matter and send a copy of the report to the dealer and to each securities exchange of which the dealer is a member.
(2) In this section, prescribed matter means a matter that, in the opinion of the auditor:
(a) has adversely affected, is adversely affecting or may adversely affect the ability of the dealer to meet his obligations as a dealer;
(b) constitutes or may constitute a breach of section 71, 72, 73 or 74 or Part VIII; or
(c) constitutes or may constitute a breach of a condition of a licence issued to the dealer under this Act.