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Agents Financial Administration Act 2014
sec.25Application of div 5
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### sec.25 Application of div 5
This division applies if—
an agent holds a transaction fund for a transaction under section 22 ; and
before the transaction fund is paid out under section 22 , the agent becomes aware of a dispute, or considers a dispute may arise, between the parties to the transaction about entitlement to the transaction fund or part of the fund (the amount in dispute ).
In this section—
party , to the transaction, does not include an entity acting for a party to the transaction.
s 25 sub 2014 No. 46 s 5
(sec.25-ssec.1) This division applies if— an agent holds a transaction fund for a transaction under section 22 ; and before the transaction fund is paid out under section 22 , the agent becomes aware of a dispute, or considers a dispute may arise, between the parties to the transaction about entitlement to the transaction fund or part of the fund (the amount in dispute ).
(sec.25-ssec.2) In this section— party , to the transaction, does not include an entity acting for a party to the transaction.
- (a) an agent holds a transaction fund for a transaction under section 22 ; and
- (b) before the transaction fund is paid out under section 22 , the agent becomes aware of a dispute, or considers a dispute may arise, between the parties to the transaction about entitlement to the transaction fund or part of the fund (the amount in dispute ).