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AGENTS FINANCIAL ADMINISTRATION REGULATION 2014 No. 246 - SECT 9

9 Completed trust account receipt form to contain particular information

(1) Each trust account receipt form must contain the following particulars—

(a) the name of the principal agent on whose behalf the receipt is completed;
(b) the agent's licence number;
(c) the date—
(i) the trust money was received; and
(ii) the receipt is completed;
(d) the name of the person completing the receipt form and, if the receipt form is from a receipt book or is a hard copy of a computer entry, the person's signature.
(e) the name of the person for whom the receipt is completed;
(f) the name of, or other means of identifying, the person on whose behalf the trust money is received;
Example of a way by which the name of a person can be identified—
Using a code to identify the person, for example, S4 stands for N. Smith
(g) a brief description of the matter for which the trust money is received;
(h) the amount of trust money received, expressed in figures;
(i) how the trust money was received, for example, in cash, by cheque, by direct deposit or by electronic funds transfer;
(j) if the trust money received is rent—
(i) the address of the rented premises; and
(ii) the day up to which the rent is paid;
(k) if the trust money received is payment from a prospective buyer for an option to purchase a used motor vehicle for sale on consignment, the vehicle's—
(i) make; and
(ii) body model; and
(iii) colour; and
(iv) engine number or, if the vehicle is a caravan, the chassis number; and
(v) identification number; and
(vi) registration number; and
(vii) built date.

(2) In this section—

built date has the meaning given under the Motor Dealers and Chattel Auctioneers Act 2014, schedule 1, section 3(3).



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