Western Australian Current Acts

SETTLEMENT AGENTS ACT 1981 - SECT 85

85 .         Offences that cause licence and triennial certificate to be cancelled

                If a licensee is convicted of an offence involving —

            (a)         defalcation by the licensee; or

            (b)         the fraudulent rendering of an account, knowing it to be false in any material particular, in respect of money or other property entrusted to him by or on behalf of another person in the course of the licensee’s business; or

            (c)         a breach of any one or more of the provisions of Division 2 of Part IV relating to the proper payment in and out of the trust account of the licensee of money entrusted to him by or on behalf of another person in the course of the licensee’s business,

                his licence and any triennial certificate in respect thereof is thereby cancelled, and the registrar of the court convicting him shall forthwith notify the Commissioner accordingly.

        [Section 85 amended: No. 59 of 2004 s. 141; No. 58 of 2010 s. 176.]