Real Estate Agents (Audit) Regulations 2009

26 Reactivation of inactive trust account
  • (1) Before recommencing the operation of any inactive trust account, an agency must give notice to the appointed auditor in writing of the agency's intention to reactivate the account.

    (2) On receipt of a notice under subclause (1), the auditor must return to the agency all trust account records, unused receipts, and cheques, and must promptly advise the Authority in writing that regulation 25(2) no longer applies in respect of that agency.