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Section 75 - Conveyancers Act 2006 - Protection of trust money — Zoe

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Conveyancers Act 2006

75Protection of trust money

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75 Protection of trust money (1) Money standing to the credit of a trust account maintained by a licensee is not available for the payment of debts of the licensee or any associate of the licensee. (2) Money standing to the credit of a trust account maintained by a licensee is not liable to be attached or taken in execution for satisfying a judgment against the licensee or any associate of the licensee. (3) This section does not apply to money to which a licensee or an associate of a licensee is entitled. S. 76 amended by No. 17/2007 s. 25 (ILA s. 39B(1)).

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