Victorian Current Acts Victorian Current Acts(1) Money standing to the credit of a trust account maintained by a licensee is not available for the payment of debts of the licensee or any associate of the licensee.
(2) Money standing to the credit of a trust account maintained by a licensee is not liable to be attached or taken in execution for satisfying a judgment against the licensee or any associate of the licensee.
(3) This section does not apply to money to which a licensee or an associate of a licensee is entitled.
S. 76 amended by No. 17/2007 s. 25 (ILA s. 39B(1)).