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Home/Legislation/Conveyancers Licensing Act 2003/154

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Conveyancers Licensing Act 2003

154Failure to account

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#### 154 Failure to account 154 Failure to account > > (1) In this section— > > > > failure to account for money in relation to a licensee has the same meaning as it has in section 92. > > > (2) A licensee who fails to account for money held by the licensee on behalf of another person is guilty of an offence. > > > > Maximum penalty—1,000 penalty units for a corporation or 200 penalty units in any other case.

Previous section153Fraudulent accounts for expenses, fees and other charges Next section155Offences by persons other than principal offenders

Section 154 - Conveyancers Licensing Act 2003 - Failure to account — Zoe