Terms used
67 Terms used
In this Part, unless the context otherwise requires —
authorised financial institution means a bank or other body that is prescribed or belongs to a class of bodies that is prescribed;
bank account means an account kept with a bank or other similar body;
banker means the manager, or other officer, for the time being in charge of the office of a bank or other body in which any account of an agent is kept;
business day means a day other than Saturday, Sunday, or a public holiday;
separate account means a trust account referred to in section 68A(1);
trust accounts means accounts relating to moneys received or held by an agent for or on behalf of any other person in respect of transactions;
year means a period of 12 months ending on 31 December, subject however to the provisions of section 71.
[Section 67 amended: No. 59 of 1995 s. 12; No. 26 of 1999 s. 99(3).]
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