South Australian Current Acts

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LAND AGENTS ACT 1994 - SECT 14

14—Withdrawal of money from trust account

Subject to this Part, money may only be withdrawn from a trust account for the following purposes:

            (a)         for payment to the person entitled to the money or for payment in accordance with the directions of that person;

            (b)         in satisfaction of a claim for commission, fees, costs or disbursements that the agent has against the person on behalf of whom the money is held;

            (c)         to satisfy an order of a court or the Tribunal against the person on behalf of whom the agent is holding the money;

            (d)         for payment into a court or the Tribunal before which proceedings have been instituted in relation to the money;

            (e)         for the purpose of dealing with the money in accordance with the Unclaimed Moneys Act 1891 ;

            (f)         for making any other payment authorised by law.



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