Victorian Current Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

CONVEYANCERS ACT 2006 - SECT 78

Deficiency in trust account

    (1)     A licensee must not, without reasonable excuse, cause—

        (a)     a deficiency in any trust account or trust ledger account; or

        (b)     a failure to pay or deliver any trust money.

Penalty:     1800 penalty units or 15 years imprisonment, or both.

    (2)     An offence under this section is an indictable offence.

    (3)     In this section, cause includes be responsible for.


AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback