Queensland Consolidated Regulations

AGENTS FINANCIAL ADMINISTRATION REGULATION 2014 - REG 3

3 Principal agent must keep particular books, accounts and records

(1) A principal agent must keep the following books, accounts and records—

(a) a register of trust account receipt forms;

(b) consecutively numbered trust account receipt forms in duplicate;

(c) trust account deposit forms in duplicate;

(d) a trust account cash book;

(e) a trust account ledger;

(f) a trust account journal with journal pages or entries consecutively numbered;

(g) full and accurate accounts of amounts paid or received for a sale or transaction.

Penalty—

Maximum penalty—10 penalty units.

(2) The books, accounts and records mentioned in subsection (1) must be kept in a way that can be properly audited.

Penalty—

Maximum penalty—10 penalty units.