Trust Accounts Regulation 1999
sec.19Dealing with investments
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sec.19 Dealing with investments
If a trustee intends to invest trust moneys for a person, the trustee must, before investing the trust moneys, deposit the amount to be invested into the trustee’s general trust account. Maximum penalty—10 penalty units. If a trustee withdraws trust moneys from an investment account for a person, the trustee must, before paying the trust moneys to the person, deposit the amount to be paid into the trustee’s general trust account. Maximum penalty—10 penalty units. (sec.19-ssec.1) If a trustee intends to invest trust moneys for a person, the trustee must, before investing the trust moneys, deposit the amount to be invested into the trustee’s general trust account. Maximum penalty—10 penalty units. (sec.19-ssec.2) If a trustee withdraws trust moneys from an investment account for a person, the trustee must, before paying the trust moneys to the person, deposit the amount to be paid into the trustee’s general trust account. Maximum penalty—10 penalty units.