THE CORPORATIONS LAW

CHAPTER 8 - THE FUTURES INDUSTRY

PART 8.5 - FINANCIAL STATEMENTS AND AUDIT

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SECTION 1219   AUDITOR'S RIGHT OF ACCESS TO RECORDS, INFORMATION ETC.  

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1219(1)  [Right of access to records etc]  
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An auditor of a futures broker has a right of access at all reasonable times to the financial records and other records, including any register, of the broker, and is entitled to require from the broker or, in the case of a futures broker that is a body corporate, from any executive officer of the broker, such information and explanations as the auditor desires for the purposes of audit.

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1219(2)  [Compliance]  
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A futures broker, or an executive officer of a futures broker that is a body corporate, shall not, without lawful excuse:

(a)  refuse or fail to allow an auditor of the broker access, in accordance with subsection (1), to financial records or other records, including any register, of the broker;

(b)  refuse or fail to give information, or an explanation, as and when required under subsection (1); or

(c)  otherwise hinder, obstruct or delay an auditor of the broker in the performance or exercise of the auditor's duties or powers.

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