reg 11
In forceReal Estate and Business Agents Interest Account, application of (Act s. 127)
11 Real Estate and Business Agents Interest Account, application of (Act s. 127)
For the purposes of section 127 of the Act —
(a)
moneys standing to the credit of the Real Estate and Business Agents Interest Account are to be applied monthly before the end of each month; and
(b)
the following proportions are prescribed —
(i)
4.5% to the Fidelity Account; and
(ii)
57% to the General Purpose Account; and
(iii)
38.5% to the Assistance Account.
[Regulation 11 inserted: Gazette 25 Jun 1996 p. 2920; amended: Gazette 6 Nov 2001 p. 5837; 10 Nov 2009 p. 4495‑6; 30 Jun 2011 p. 2672.]
[11A, 11AA and 11B. Deleted: Gazette 25 Jun 1996 p. 2920.]
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