QLDIn ForceAct
Legal Profession Act 2007
sec.754Trust accounts and trust moneys under Trust Accounts Act
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### sec.754 Trust accounts and trust moneys under Trust Accounts Act
On the commencement day—
a trust account kept by a trustee under the Trust Accounts Act is taken to be a general trust account kept by the trustee under this Act; and
trust moneys held by a trustee are taken to be trust money under this Act.
- (a) a trust account kept by a trustee under the Trust Accounts Act is taken to be a general trust account kept by the trustee under this Act; and
- (b) trust moneys held by a trustee are taken to be trust money under this Act.