reg 14
In forceRedaction of information relating to identity of other beneficiaries from trust accounts when inspected or copied (s. 79(4))
14 Redaction of information relating to identity of other beneficiaries from trust accounts when inspected or copied (s. 79(4))
(1)
A party to a construction contract who established and operates a retention money trust account and who allows a person having a beneficial interest in money in the account to inspect or take copies of accounting records relating to the money may redact —
(a)
the name of another beneficiary of money in the account; and
(b)
any other information that identifies the other beneficiary.
(2)
This regulation does not authorise the redaction of information about the amount of money in which the other beneficiary has a beneficial interest.
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