25
In forceADIs etc to report deficiencies in trust accounts
Part 3Trust accounts and indemnity fund
Division 2Trust accounts
25 ADIs etc to report deficiencies in trust accounts
An ADI with which a trust account has been established must, as soon as practicable, and in any event within 14 days, after becoming aware of a deficiency in that account, report the deficiency to the
Commissioner.
Maximum penalty: Maximum penalty: $20 000.
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