New South Wales Consolidated Regulations

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PROPERTY AND STOCK AGENTS REGULATION 2022 - REG 35

Exemptions--the Act, ss 90 and 91

35 Exemptions--the Act, ss 90 and 91

The Act, sections 90 and 91 do not apply to--

(a) a separate trust account kept on the instructions of a client of a licensee or firm of licensees for the exclusive benefit of the client, or
(b) a separate trust account opened by a licensee for the exclusive benefit of both the vendor and the purchaser of land.


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