Queensland Consolidated Acts

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AGENTS FINANCIAL ADMINISTRATION ACT 2014 - SECT 12

Account’s name

12 Account’s name

(1) An agent opening a general trust account must ensure the account’s name includes the words ‘trust account’.
Penalty—
Maximum penalty—200 penalty units.
(2) A licensee opening a special trust account must ensure the account’s name includes the words ‘special trust account’.
Penalty—
Maximum penalty—200 penalty units.



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