Document ID: chunk:federal_register_of_legislation:C2024C00826:section:87
Version: federal_register_of_legislation:C2024C00826
Segment Type: section
Provision Reference: s 87
Character Range: 204784–205589

87  Guide to this Part

      This Part is about financial records, trust accounts and matters relating to audit reports required under this Act.
      Division 2 deals with the requirement for licensees to keep certain financial records, and provides for how those records must be kept.
      Division 3 deals with trust accounts. Licensees that provide credit services and that receive money on behalf of others in the course of those services are required to maintain a trust account. Those licensees must also comply with requirements in relation to trust account money, trust account statements and trust account audit reports.
      Division 4 has requirements relating to audit reports required by this Act, and the auditors that prepare those reports.

Division 2—Financial records of licensees