24Banking of trust money—the Act, s 86

#### 24 Banking of trust money—the Act, s 86 24 Banking of trust money—the Act, s 86 > A licensee who receives trust money must pay it into the licensee’s trust account— > > > (a) before the end of the next business day after the day of its receipt, if practicable, or > > > (b) if not practicable, as soon as practicable after that day. > > Maximum penalty— > > > (a) for a corporation—40 penalty units, or > > > (b) otherwise—20 penalty units.