#### 89 Licensee to notify trust account becoming overdrawn 89 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.

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Section 89 - Property and Stock Agents Act 2002 - Licensee to notify trust account becoming overdrawn — Zoe