Continuing application of Trust Accounts Act, s 5

Current

(1)

This section applies if, immediately before the commencement day, a trustee or other person—

(a)

was subject to a requirement under the Trust Accounts Act, section 5(1), (2), (3), (5) or (6), to lodge with or give to the supervising entity notice of a matter mentioned in the subsections; and

(b)

has not complied with the requirement.

(2)

The Trust Accounts Act, section 5, as in force immediately before the commencement day continues to apply to the trustee or person in relation to the matter.

This Act’s bill:Explanatory memorandum

Research tools for this sectionSubscription

Cited by Analyse Interrogate History Equivalents

The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.

758 Continuing application of Trust Accounts Act, s 5