s. 59 (i) if facilities of an authorised S. 59(1)(a)(i) taking institution are available within amended by No. 11/2001 sixteen kilometres of the place of s. 3(Sch. business of the agent—before the end item 24.3). of the next business day after the day on which the money is received; (ii) in any other case—before the end of the third business day after the day on which the money is received; (b) shall retain that money in that trust account until paid— (i) to the persons entitled thereto S. 59(1)(b)(i) amended by (including, where the ownership of any Nos 29/1989 chattels stock or book debts has been s. 15(a)(ii), 35/1996 agreed to be transferred as part of the s. 453(Sch. 1 transaction, any person other than the item 28.3). parties to the transaction who has any right as mortgagee or lienee in any of such chattels stock or book debts) or such persons' legal practitioners or at such persons' direction; * * * * * S. 59(1)(b)(ii) repealed by No. 29/1989 s. 15(a)(ii). S. 59(1)(c) (c) shall not withdraw or cause any payment to amended by be made from any money paid into a trust Nos 9500 s. 12(i)(ii), account under this subsection unless the 86/1994 withdrawal or payment is made in the form ss 32(1), of a trust account cheque or an electronic 47(zl), 52/1998 s. 95. funds transfer or in such other form as the Director directs in a particular case. 120 penalty units.
S. 59(1)(a)(i) amended by No. 11/2001 s. 3(Sch. item 24.3). (i) if facilities of an authorised institution are available within sixteen kilometres of the place of business of the agent—before the end of the next business day after the day on which the money is received; (ii) in any other case—before the end of the third business day after the day on which the money is received; (b) shall retain that money in that trust account until paid— S. 59(1)(b)(i) amended by Nos 29/1989 s. 15(a)(ii), 35/1996 s. 453(Sch. 1 item 28.3). (i) to the persons entitled thereto (including, where the ownership of any chattels stock or book debts has been agreed to be transferred as part of the transaction, any person other than the parties to the transaction who has any right as mortgagee or lienee in any of such chattels stock or book debts) or such persons' legal practitioners or at such persons' direction; s. 59 S. 59(1)(b)(ii) repealed by No. 29/1989 s. 15(a)(ii). * * * * * S. 59(1)(c) amended by Nos 9500 s. 12(i)(ii), 86/1994 ss 32(1), 47(zl), 52/1998 s. 95. (c) shall not withdraw or cause any payment to be made from any money paid into a trust account under this subsection unless the withdrawal or payment is made in the form of a trust account cheque or an electronic funds transfer or in such other form as the Director directs in a particular case. 120 penalty units. taking
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