Queensland Consolidated Acts

TRUST ACCOUNTS ACT 1973

TABLE OF PROVISIONS

           Long Title

           Contents
   1.      Short title
   4.      Definitions
   4A.     References to moneys received by a trustee
   4B.     Reference to books, accounts etc. of trustee in partnership
   4C.     Act continues to apply to particular persons after they stop being trustees
   4E.     Meaning of supervising entity
   5.      Trustee to give notice to supervising entity
   6.      Accounts to be kept by trustees
   7.      Moneys received by trustees to be paid into a trust account
   8.      Purposes for which money may be withdrawn from trust account
   10.     Moneys in trust account not available for payments of debts etc.
   11.     Claims and liens not affected
   12.     Disbursements from trust account
   13.     Account of moneys received and their application
   14.     Trustee to appoint auditor
   15.     Qualifications, resignation, termination of appointment of auditor
   16.     Audit of trust accounts
   17.     Duties of auditor
   18.     Auditor to make unannounced examinations
   19.     Auditing of accounts on ceasing to be trustee
   20.     Report of auditor to be laid before Minister in certain cases
   21.     Power of Minister to appoint independent auditor
   22.     Power of Minister to appoint independent auditor upon application of client
   23.     Auditor to report to Minister
   24.     Powers of auditors
   25.     As to right of auditors and employees to communicate certain matters
   26.     Books, accounts and records to be produced upon demand
   26A.    Appointment and powers of inspector
   27.     Duties of financial institution relating to trustee's accounts
   28.     Penalty for destroying, concealing or altering records or sending records or other property out of the State
   28A.    Supervising entity to report annually to Minister
   28B.    Duty of supervising entity to report suspected offences
   30.     Inspection of auditor's reports
   31.     Security to be lodged by trustee
   32.     Power of Minister to exempt
   33.     Return of property in trustees' hands to which beneficiaries are absolutely entitled
   34.     When public trustee may control operations on trust accounts
   35.     Powers of the public trustee with respect to trust accounts of deceased trustees etc.
   36.     Act to apply in respect of certain moneys and financial institution accounts
   37.     Approval of forms
   38.     Proceedings for offences are summary proceedings
   40.     References to Trust Accounts Act 1923
   41.     Regulations
   43.     Chief executive to give information to supervising entity
           Endnotes