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CONVEYANCERS LICENSING ACT 2003 - SECT 56
Licensee to notify trust account becoming overdrawn
56 Licensee to notify trust account becoming overdrawn
A licensee must, within 5 days after becoming aware that a trust account of
the licensee has become overdrawn, notify the Secretary in writing of--
(a)
the name and number of the account, and
(b) the amount by which the account
is overdrawn, and
(c) the reason for the account becoming overdrawn.
:
Maximum penalty--100 penalty units.
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