Victorian Current Acts Victorian Current Acts(1) As soon as practicable after a licensee becomes aware that there is an irregularity in any of the licensee's trust accounts or trust ledger accounts, the licensee must give written notice of the irregularity to the Director.
Penalty: 60 penalty units.
(2) A licensee is not liable for any loss or damage suffered by another person as a result of the licensee's compliance with subsection (1).