Queensland Consolidated Regulations

TRUST ACCOUNTS REGULATION 1999 - REG 31

31 Public notice of intention to make a payment

(1) The chief executive must, before making any payment under section 30 (2) , give public notice of the chief executive’s intention to make the payment.

(2) The notice must—

(a) state the following—

(i) the chief executive intends to make a payment out of a former trustee’s security;

(ii) the name of the former trustee who gave the security to the chief executive;

(iii) a claim against the security for financial loss suffered from the misapplication of trust moneys by the former trustee must be made within 2 months after the date the notice is published; and

(b) invite any person who suffers a financial loss from the misapplication of trust moneys by the former trustee to make a claim against the security for payment of the loss amount in the way mentioned in section 32 .

(3) The notice must be published on the department’s website.