Queensland Consolidated Acts

AGENTS FINANCIAL ADMINISTRATION ACT 2014 - SECT 18

18 No other payments to trust account

(1) An agent must not pay to a trust account an amount other than an amount that must be paid to the account under section 16 or 17 .

Penalty—

Maximum penalty—200 penalty units or 1 year’s imprisonment.

(2) However, if the agent receives an amount consisting of trust money and other money (the
"non-trust money" ) that can not be divided, the agent must—

(a) pay the whole amount to the agent’s general trust account; and

(b) draw the non-trust money from the account within 14 days after the money becomes available for drawing.

Example of amount consisting of trust money and non-trust money—

A property agent receives a single cheque for rent and services provided by the property agent, including, for example, television rental.

Penalty—

Maximum penalty—200 penalty units or 1 year’s imprisonment.