sec.35ALimited purposes for which money may be deposited in retention trust account

### sec.35A Limited purposes for which money may be deposited in retention trust account A trustee must not cause an amount to be deposited into the retention trust account for any purpose other than— withholding a retention amount from payment under a contract for which the trustee is the contracting party; or repaying an amount withdrawn in error. Maximum penalty—200 penalty units or 1 year’s imprisonment. This section does not apply to a deposit of an amount that is interest earned on amounts held in a retention trust account. s 35A ins 2020 No. 24 s 63 (sec.35A-ssec.1) A trustee must not cause an amount to be deposited into the retention trust account for any purpose other than— withholding a retention amount from payment under a contract for which the trustee is the contracting party; or repaying an amount withdrawn in error. Maximum penalty—200 penalty units or 1 year’s imprisonment. (sec.35A-ssec.2) This section does not apply to a deposit of an amount that is interest earned on amounts held in a retention trust account. - (a) withholding a retention amount from payment under a contract for which the trustee is the contracting party; or - (b) repaying an amount withdrawn in error.