QLDIn ForceRegulation
Trust Accounts Regulation 1999
sec.20Interest on investments
Start here
Get a plain-English read of sec.20
Turn the raw legal text into a practical explanation grounded in Trust Accounts Regulation 1999.
sec.20 Interest on investments
A trustee must ensure that interest accruing on trust moneys invested by the trustee is— added to the trust moneys; and dealt with by the trustee as trust moneys. Maximum penalty—10 penalty units.
- (a) added to the trust moneys; and
- (b) dealt with by the trustee as trust moneys.