TASIn ForceRegulation
Property Agents and Land Transactions Regulations 2017
29Investment of trust money
Start here
Get a plain-English read of 29
Turn the raw legal text into a practical explanation grounded in Property Agents and Land Transactions Regulations 2017.
29 Investment of trust money
A property agent must not invest trust money unless –
(a) the parties to the transaction to which the trust money relates agree in writing to the investing of the trust money; and
(b) the trust money is invested for and on behalf of the parties to the transaction; and
(c) the trust money is invested in accordance with that written agreement.
Penalty: Fine not exceeding 50 penalty units.