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Property and Stock Agents Act 2002
93Dishonoured cheques
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93 Dishonoured cheques
93 Dishonoured cheques
Within 5 business days of an authorised deposit-taking institution becoming aware that a cheque drawn on a trust account kept with it under this Part has been dishonoured, the institution must, by notice in writing, inform the Secretary of the following—
(a) the name and business address of the licensee concerned,
(b) the name and number of the account,
(c) the amount of the dishonour,
(d) the date on which the cheque was dishonoured.
Maximum penalty—100 penalty units.
s 93: Am 2011 No 62, Sch 1.12 [2].