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CONVEYANCERS LICENSING ACT 2003 - SECT 81
Definitions
81 Definitions
In this Division:
"account" means:
(a) a trust account in a licensee’s name with a
financial institution, or
(b) an account in a licensee’s name or in which a
licensee has an interest with a financial institution, or
(c) another account
to which trust money is deposited.
"financial institution" includes an approved deposit-taking institution.
"holder" of an account means the licensee or other person authorised to
operate on the account.
"licensee" includes a former licensee and the personal representative of a
deceased licensee.
"trust money" means money received for or on behalf of any person by a
licensee (whether or not the money is deposited in a trust account required to
be kept by a licensee).
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