Queensland Consolidated Regulations Queensland Consolidated RegulationsIf trust money is deposited into a principal agent’s trust account, the principal agent must—
(a) if the deposit is made by electronic funds transfer—(i) obtain, at least once each week, a transaction report statement from the financial institution into which the trust money is paid showing deposits made into the trust account; and(ii) ensure the statement is kept in the principal agent’s records; and
(b) otherwise—ensure a copy of the trust account deposit form is kept in the principal agent’s records.
Penalty—Maximum penalty—10 penalty units.