New South Wales Consolidated Acts

CONVEYANCERS LICENSING ACT 2003 - SECT 55

55 Trust money not available to pay licensee's debts

(1) Trust money is not available for the payment of the debts of the licensee to any other creditor of the licensee, or liable to be attached or taken in execution under the order or process of any court at the instance of any other creditor of the licensee.

(2) This section does not take away or affect any just claim or lien that any licensee may have against or upon trust money.