sec.13Notice of account’s opening, closing or name change

### sec.13 Notice of account’s opening, closing or name change This section applies if an agent does any of the following (each an event )— opens a general trust account; if the agent is a property agent—opens a special trust account; changes the name of a general trust account or special trust account; closes a general trust account or special trust account. The agent must give the chief executive written notice under subsection (3) of the happening of the event within 2 months of its happening. Maximum penalty—200 penalty units. The written notice must state— whether the account is a general trust account or special trust account; and the name of the financial institution where the account is or was kept; and the account name; and the identifying number of the financial institution; and This is commonly referred to as the bank state branch number (BSB). the account number. (sec.13-ssec.1) This section applies if an agent does any of the following (each an event )— opens a general trust account; if the agent is a property agent—opens a special trust account; changes the name of a general trust account or special trust account; closes a general trust account or special trust account. (sec.13-ssec.2) The agent must give the chief executive written notice under subsection (3) of the happening of the event within 2 months of its happening. Maximum penalty—200 penalty units. (sec.13-ssec.3) The written notice must state— whether the account is a general trust account or special trust account; and the name of the financial institution where the account is or was kept; and the account name; and the identifying number of the financial institution; and This is commonly referred to as the bank state branch number (BSB). the account number. - (a) opens a general trust account; - (b) if the agent is a property agent—opens a special trust account; - (c) changes the name of a general trust account or special trust account; - (d) closes a general trust account or special trust account. - (a) whether the account is a general trust account or special trust account; and - (b) the name of the financial institution where the account is or was kept; and - (c) the account name; and - (d) the identifying number of the financial institution; and Note— This is commonly referred to as the bank state branch number (BSB). - (e) the account number.