21Banking of trust money—the Act, s 172

#### 21 Banking of trust money—the Act, s 172 21 Banking of trust money—the Act, s 172 > A licensee who receives trust money must pay the trust money into the licensee’s trust account— > > > (a) if practicable—before the end of the next banking day after the day of its receipt, or > > > (b) otherwise—as soon as practicable after that day. > > Maximum penalty—40 penalty units for a corporation or 20 penalty units for an individual.