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COMMONWEALTHAct
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s 100U

Trust account money not available to pay debts, etc

In force
Volume 1Parts 1 to 10A (sections 1 to 239W)
Part 5Water Markets Intermediaries Code and trust accounting framework
Division 5Statutory trust accounting framework for eligible water markets intermediaries

100U Trust account money not available to pay debts, etc

Money paid into a trust account by an eligible water markets intermediary under section 100T:

(a)

is not available for the payment of a debt of a creditor of the eligible water markets intermediary; and

(b)

is not liable to be attached or taken in execution under the order or process of a court at the instance of any such creditors.

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