73A
In forceTrust money subject to specific powers
Part 5Trust money and trust accounts
Division 2Trust accounts and trust money
73A Trust money subject to specific powers
Subject to section 74, a licensee must ensure that trust money that is the subject of a power given to the licensee or an associate of the licensee is dealt with by the licensee or associate only in accordance with the power relating to the money.
- 120 penalty units.
This Act’s bill:Explanatory memorandumSecond reading speech
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