48ACertain trust accounts taken to have been maintained

48A Certain trust accounts taken to have been maintained

[Section 48A Inserted by No. 25 of 2012, s. 5, Applied:12 Jul 2012] A conveyancer who maintained, during a period before the commencement of the Conveyancing Amendment Act 2012 , a trust account with an authorised deposit-taking institution that would have been an approved institution if that Act and the Property Agents and Land Transactions Amendment Act 2012 had been in force during the period, is to be taken to have maintained the account with an approved institution during the period.