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Conveyancers Licensing Act 2003
56Licensee to notify trust account becoming overdrawn
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56 Licensee to notify trust account becoming overdrawn
56 Licensee to notify trust account becoming overdrawn
A licensee must, within 5 days after becoming aware that a trust account of the licensee has become overdrawn, notify the Secretary in writing of—
(a) the name and number of the account, and
(b) the amount by which the account is overdrawn, and
(c) the reason for the account becoming overdrawn.
Maximum penalty—100 penalty units.
s 56: Subst 2006 No 33, Sch 1 [18].