sec.18Particulars of investment control account and investment ledger accounts

sec.18 Particulars of investment control account and investment ledger accounts

A trustee must, for each amount invested by the trustee under section 16 (2) (a) , enter the following particulars in the investment control account— the date an amount is credited or debited to the investment control account; the name of the investment ledger account to which the amount credited or debited relates; each amount credited or debited to the investment control account; the balance of the investment control account after each entry. Maximum penalty—10 penalty units. A trustee must, for each amount invested by the trustee under section 16 (2) (a) , enter the following particulars in the investment ledger account for the person on whose behalf the investment is made— the full name in which the investment is made; a brief description of the investment, including details that readily identify its nature and location; the date it is made; each amount debited or credited to the account; the balance of the account after each entry. Maximum penalty—10 penalty units. (sec.18-ssec.1) A trustee must, for each amount invested by the trustee under section 16 (2) (a) , enter the following particulars in the investment control account— the date an amount is credited or debited to the investment control account; the name of the investment ledger account to which the amount credited or debited relates; each amount credited or debited to the investment control account; the balance of the investment control account after each entry. Maximum penalty—10 penalty units. (sec.18-ssec.2) A trustee must, for each amount invested by the trustee under section 16 (2) (a) , enter the following particulars in the investment ledger account for the person on whose behalf the investment is made— the full name in which the investment is made; a brief description of the investment, including details that readily identify its nature and location; the date it is made; each amount debited or credited to the account; the balance of the account after each entry. Maximum penalty—10 penalty units.

• (a) the date an amount is credited or debited to the investment control account;
• (b) the name of the investment ledger account to which the amount credited or debited relates;
• (c) each amount credited or debited to the investment control account;
• (d) the balance of the investment control account after each entry.
• (a) the full name in which the investment is made;
• (b) a brief description of the investment, including details that readily identify its nature and location;
• (c) the date it is made;
• (d) each amount debited or credited to the account;
• (e) the balance of the account after each entry.