New South Wales Repealed Regulations

This legislation has been repealed.

PROPERTY, STOCK AND BUSINESS AGENTS (GENERAL) REGULATION 1993 - REG 38B

38B Closure of trust accounts

Within 14 days after the end of each month, a bank, building society or credit union must, by notice in writing, inform the Director-General of the following if a trust account kept with it under section 36 of the Act was closed during the month:

(a) the name and number of the account,

(b) the date on which the account was closed.

Maximum penalty: 40 penalty units.