QLDIn ForceAct
Agents Financial Administration Act 2014
sec.136Offence to deal with trust account
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### sec.136 Offence to deal with trust account
A person must not operate on a trust account unless the person is—
an agent who is the holder of the account; or
a person employed by the agent and authorised by the agent to operate on the trust account; or
otherwise permitted under this Act to operate on the agent’s trust account.
Maximum penalty—200 penalty units or 2 years imprisonment.
- (a) an agent who is the holder of the account; or
- (b) a person employed by the agent and authorised by the agent to operate on the trust account; or
- (c) otherwise permitted under this Act to operate on the agent’s trust account.