South Australian Current Acts

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STRATA TITLES ACT 1988 - SECT 36B

36B—Interpretation

In this Division, unless the contrary intention appears—

"agent" means a person, not being an ADI or other financial institution, who has been authorised by a strata corporation to receive money on its behalf and to hold it or to deal with it in accordance with this Division;

"auditor" means a registered company auditor within the meaning of the Corporations Law ;

"financial institution" means an institution of a kind declared by regulation to be a financial institution;

"trust account" means an account in which trust money is required to be deposited by an agent;

"trust money" means money received by an agent on behalf of a strata corporation.



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