Western Australian Consolidated Acts

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REAL ESTATE AND BUSINESS AGENTS ACT 1978 - SECT 67

67 .         Terms used in this Part

                In this Part, unless the context otherwise requires — 

        authorised financial institution means a bank or other body that is prescribed or belongs to a class of bodies that is prescribed;

        bank account means an account kept with a bank or other similar body;

        banker means the manager, or other officer, for the time being in charge of the office of a bank or other body in which any account of an agent is kept;

        business day means a day other than Saturday, Sunday, or a public holiday;

        separate account means a trust account referred to in section 68A(1);

        trust accounts means accounts relating to moneys received or held by an agent for or on behalf of any other person in respect of transactions;

        year means a period of 12 months ending on 31 December, subject however to the provisions of section 71.

        [Section 67 amended by No. 59 of 1995 s. 12; No. 26 of 1999 s. 99(3).]



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