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Agents Financial Administration Regulation 2014
sec.21Trust account cash book entries to be posted to ledger account
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sec.21 Trust account cash book entries to be posted to ledger account
A principal agent must, within 2 business days after the day trust money is received or paid, ensure that each entry in the trust account cash book is posted to the trust ledger account for the person on whose behalf the trust money is received or paid. Maximum penalty—10 penalty units.