62Managing agent may be required to provide information about trust account and other accounts

62 Managing agent may be required to provide information about trust account and other accounts

62 Managing agent may be required to provide information about trust account and other accounts

(1) An association may require a managing agent to provide the following information relating to the trust account that the agent is required to operate under the Property and Stock Agents Act 2002—

(a) the name and number of the account,

(b) the name of the authorised deposit-taking institution in which the account is current,

(c) the balance in the account standing to the credit of the association on a specified date,

(d) particulars of all cheques drawn on the account on behalf of the association as at that date and not presented and duly paid.

(2) An association may require a managing agent to provide the following information relating to other accounts on which the agent operates in the exercise of functions of the association—

(a) the names and numbers of the accounts,

(b) the names of the authorised deposit-taking institutions in which the accounts are current,

(c) the balance in each of the accounts standing to the credit of the association on a specified date,

(d) particulars of all cheques drawn on each of the accounts as at that date and not presented and duly paid.