South Australian Current Acts South Australian Current Acts128—Obtaining information for purposes of audit
(1) An auditor
employed by an agent to make an audit of the trust accounts of the agent, may
require the agent or any other person in a position to do so—
(a) to
produce all the accounts (including accounts that are not trust accounts)
relating to the business of the agent and all documents and records relating
to those accounts, including written records that reproduce in a readily
understandable form information kept by computer, microfilm or other process;
and
(b) to
provide any relevant information relating to the operation of the accounts.
(2) The manager or
other principal officer of an ADI or other financial institution with which an
agent has deposited money, whether in his or her own account or in a general
or separate trust account, must, on being required to do so by an auditor
employed or appointed to make an audit under this Division, disclose every
such account (including all deposit slips, cancelled cheques and other
documents relating to the operation of the account) to the auditor.
Maximum penalty: $8 000.
(3) A person who is
required by this section to produce documents to an auditor must permit the
auditor to make a copy of the whole, or any part, of those documents.
Maximum penalty: $8 000.
(4) In this
section—
"account" includes a record required to be kept under this Division in
relation to the receipt and disposition of trust money;
"agent" includes a former agent.