73
In forceTransit money
Part 5Trust money and trust accounts
Division 2Trust accounts and trust money
73 Transit money
(1)
Subject to section 74, a licensee that has received transit money must pay or deliver the money as required by the instructions relating to the money—
(a)
within the period (if any) specified in the instructions; or
(b)
subject to paragraph (a), as soon as practicable after it is received.
- 120 penalty units.
(2)
The licensee must account for the money as required by the regulations.
- 60 penalty units.
S. 73A inserted by No. 17/2007 s. 23.
Regulations
This provision refers to the regulations (the regulations
). Made under this Act:
- Conveyancers (Fees) Regulations 2018 · under section 188
- Conveyancers (Professional Conduct) Regulations 2018 · under section 188
- Conveyancers (Qualifications and Experience) Regulations 2018 · under section 188
1 more instrument made under this Act are listed on the Act’s overview.
This Act’s bill:Explanatory memorandumSecond reading speech
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