120Trust money held by former licensed property agents

120 Trust money held by former licensed property agents (1) This section applies if— (a) a person ceases to be a licensed property agent; and (b) at the time the person ceases to be a licensed property agent, the person holds trust money. (2) Within 3 months after the day the person ceases to be a licensed property agent, the person must give to the commissioner for fair trading a statement under section 122 (Content of statements) about the trust money, made up as at the day the person ceased to be a licensed property agent. Unclaimed trust money Division 7.5