Queensland Consolidated Regulations

TRUST ACCOUNTS REGULATION 1999 - REG 6

6 Dealing with trust account receipt forms

A trustee must ensure—

(a) a trust account receipt form—

(i) is used only for the receipt of trust moneys; and

(ii) includes the particulars mentioned in section 5 (1) ; and

(iii) is given to the person from whom trust moneys are received; and

(b) a legible copy of each trust account receipt form given by the trustee is kept securely in the trustee’s records; and

(c) if the trustee cancels a receipt form, the form is kept securely in the trustee’s records.

Penalty—

Maximum penalty—10 penalty units.