Div 2Trust accounts

Division 2 — Trust accounts 48. Terms used 41 49. Trust accounts etc. of licensees 41 49A. Client may ask settlement agent for separate trust account 43 49B. Interest on trust accounts 44 49C. Settlement agents to give Commissioner information about trust accounts 45 50. Receipts, accounts etc. by settlement agents 46 51. Audits of trust accounts 46 52. Date of audit, Commissioner may change 48 53. Auditors, qualification and approval of 49 54. Auditors, appointment of 50 55. Audit of business carried on at more than one place, directions as to 50 56. Approvals etc. under this Division, Commissioner’s power to cancel etc. 51 58. Audits, settlement agents’ duties and auditors’ powers as to 51 59. Audits, bankers’ duties as to 51 60. Auditors’ reports, content of 52 61. Moneys etc. held on trust, statement of by settlement agents 52 62. Auditor’s report to report breaches of law etc. 53 63. Auditors’ duty of confidentiality 54 64. Right of some persons to information in auditors’ reports 54 65. Offences under this Division 55 66. Auditors’ remuneration 55 67. Settlement agents with no accounts to audit 55 68. Accounts of firm or body corporate or settlement agent with branch office, effect of audits as to 56 69. Audit of trust account, Commissioner may do 56 70. Settlement agent to allow Commissioner’s auditor etc. to inspect accounts etc. 57 71. Cost of audit done under s. 69 57 72. Application of s. 63 to certain persons 57 73. Restraining bank etc. from dealing with settlement agent’s account, SAT’s powers as to 58 74. Suspension of settlement agents, appointment of supervisors etc., SAT’s powers as to 59 75. Effect of s. 74 orders appointing supervisor 61 76. Supervisors’ duties 62 77. Hindering etc. supervisors, offence 63 78. Discharge or variation of s. 73 or 74 order 64 79. SAT’s additional powers as to s. 73, 74 or 78 orders 64 80. Service of s. 73, 74, 78 and 79 orders; penalty for breach of 65 81. Banks etc., duty to disclose certain accounts etc. if required to by authorised person 67 81A. Information about trust accounts, Commissioner’s power to obtain 67