Queensland Consolidated Regulations

TRUST ACCOUNTS REGULATION 1999 - REG 19

19 Dealing with investments

(1) If a trustee intends to invest trust moneys for a person, the trustee must, before investing the trust moneys, deposit the amount to be invested into the trustee’s general trust account.

Penalty—

Maximum penalty—10 penalty units.

(2) If a trustee withdraws trust moneys from an investment account for a person, the trustee must, before paying the trust moneys to the person, deposit the amount to be paid into the trustee’s general trust account.

Penalty—

Maximum penalty—10 penalty units.