19
CurrentDealing with investments
Part 3Record keeping
Division 8Records of investments
19 Dealing with investments
(1)
If a trustee intends to invest trust moneys for a person, the trustee must, before investing the trust moneys, deposit the amount to be invested into the trustee’s general trust account.
Maximum penalty—10 penalty units.
(2)
If a trustee withdraws trust moneys from an investment account for a person, the trustee must, before paying the trust moneys to the person, deposit the amount to be paid into the trustee’s general trust account.
Maximum penalty—10 penalty units.
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