CONVEYANCERS ACT 2006 - SECT 67 Trust account details to be notified to Director

CONVEYANCERS ACT 2006 - SECT 67

    (1)     Within 14 days after establishing a trust account, a licensee must notify the Director of the number of the account and the name and address of the branch of the ADI at which the account is maintained.

Penalty:     60 penalty units.

    (2)     A licensee must notify the Director of any changes to the information notified to the Director under subsection (1) within 14 days after becoming aware of the change.

Penalty:     60 penalty units.

    (3)     Within 14 days after closing a trust account, a licensee must notify the Director of the closure.

Penalty:     60 penalty units.