CONVEYANCERS LICENSING ACT 2003 - SECT 56 Licensee to notify trust account becoming overdrawn
CONVEYANCERS LICENSING ACT 2003 - SECT 56
Licensee to notify trust account becoming overdrawn56 Licensee to notify trust account becoming overdrawn
A licensee must, within 5 days after becoming aware that a trust account of the licensee has become overdrawn, notify the Secretary in writing of--
(a) the name and number of the account, and
(b) the amount by which the account is overdrawn, and
(c) the reason for the account becoming overdrawn.
: Maximum penalty--100 penalty units.