Western Australian Current Acts Western Australian Current Acts The regulations may
make provision for or with respect to —
(a)
keeping and management of trust accounts including —
(i)
information to be given to the Commissioner in relation
to trust accounts; and
(ii)
reporting of overdrawn trust accounts; and
(iii)
the manner in which records are to be kept and the
information that is to be included in the records; and
(iv)
the manner of accounting for moneys received; and
(v)
the making of statutory declarations in relation to
moneys held in trust;
and
(b)
duties of financial institutions in relation to trust accounts, including
—
(i)
the interest to be paid on the balance of trust accounts;
and
(ii)
reporting of overdrawn trust accounts;
and
(c)
auditing of trust accounts, including —
(i)
the appointment of auditors; and
(ii)
the production of records and information to auditors by
dealers and financial institutions; and
(iii)
the manner in which auditing is to be conducted; and
(iv)
the information and matters to be contained in the
auditor’s report; and
(v)
the obligations of auditors to the Commissioner; and
(vi)
the costs of auditing; and
(vii)
when, and to whom, the auditor shall report; and
(viii)
the confidentiality and examination of audit information.
[Section 32P inserted: No. 4 of 2002 s. 57;
amended: No. 58 of 2010 s. 50.]
[Heading inserted: No. 4 of 2002 s. 57.]