Under the Land Agents Act 1994, in which circumstances can the Commissioner for Consumer Affairs conduct an audit of a land agent's trust account without prior notice?
Correct Answer
B) At any time, because the Commissioner may appoint an examiner of trust records
Under s 23 of the Land Agents Act 1994 (SA), the Commissioner for Consumer Affairs may at any time appoint an examiner to examine an agent's trust accounts and records, and the auditor's working papers. This is separate from the annual audit an agent must have done by a qualified auditor.
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