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Section 219 - Water Management Act 1999 - Trust accounts | Zoe

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Water Management Act 1999

219Trust accounts

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219 Trust accounts

(1) [Section 219 Subsection (1) amended by No. 12 of 2004, s. 55, Applied:09 Jun 2004] A trust must open and maintain at least one account in an authorised deposit-taking institution in Tasmania.

(2) A trust must pay any money received by it into an account referred to in subsection (1) .

Previous section218Application of money

Next section220Temporary investment of funds