Queensland Consolidated Acts

TRUST ACCOUNTS ACT 1973 - SECT 43

43 Chief executive to give information to supervising entity

(1) This section applies if the chief executive stops being the supervising entity for a trustee and someone other than the chief executive becomes the supervising entity for the trustee.

(2) Within 3 months after the chief executive stops being the supervising entity, the chief executive must give to the supervising entity the information the chief executive considers necessary to enable the supervising entity to perform its functions under this Act.

(3) The chief executive or anyone else acting under the chief executive’s direction is not civilly liable for the giving of information to a supervising entity under this section.

(4) If subsection (3) prevents liability attaching to a person, the liability attaches instead to the State.