TASIn ForceAct
Trustee Companies Act 1953
15BLoans from estates to related corporations prohibited
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15B Loans from estates to related corporations prohibited
*[Section 15B Inserted by No. 64 of 1985, s. 11 ]**[Section 15B Amended by No. 43 of 1991, s. 5 and Sched. 1 ]*A trustee company shall not make a deposit or loan to a related corporation from an estate administered or managed by the trustee company under this Act.
Penalty: Fine not exceeding 200 penalty units.