Queensland Consolidated Acts

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TORRES STRAIT ISLANDER LAND ACT 1991 - SECT 167

Definitions for div 5

167 Definitions for div 5

In this division—

"account" , of a land trust, means—

(a) an account, with a financial institution, in the land trust’s name or in which the land trust has an interest; or
(b) another account to which trust money is deposited.

"holder" , of a land trust’s account, means the land trust or other person authorised to operate the account.

"trust money" means any amount that is trust property.



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