81
In forceFalse names
Part 5Trust money and trust accounts
Division 2Trust accounts and trust money
81 False names
(1)
A licensee must not knowingly receive money or record receipt of money in the licensee's trust records under a false name.
- 120 penalty units.
(2)
If a person on whose behalf trust money is received by a licensee is commonly known by more than one name, the licensee must ensure that the licensee's trust records record all names by which the person is known.
This Act’s bill:Explanatory memorandumSecond reading speech
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