A licensee who receives trust money must pay it into the licensee's trust account--
(a) before the end of the next banking day after the day of its receipt, if that is practicable, or
(b) if that is not practicable, as soon as practicable after that day.
: Maximum penalty--(a) 40 penalty units in the case of a corporation, or(b) 20 penalty units in any other case.