s. 60 60 Secretary's power to enter into arrangements with S. 60 financial institutions amended by No. 9500 s. 13, substituted by No. 29/1989 s. 16. S. 60(1) (1) The Secretary may enter into an arrangement with amended by a financial institution for the keeping of estate Nos 86/1994 agents' trust accounts. s. 30(a)(b), 52/1998 s. 96, 1/2010 s. 14(1). S. 60(2) (2) An arrangement entered into by the Secretary amended by under subsection (1), may provide for all or any of Nos 86/1994 s. 30(a), the following matters: 52/1998 s. 96. S. 60(2)(a) (a) The payment of interest on the whole or any amended by part of deposits in estate agents' trust Nos 86/1994 accounts to the Secretary; s. 30(a), 52/1998 s. 96. S. 60(2)(b) (b) The manner by which the Secretary is amended by informed of amounts held in estate agents' Nos 86/1994 trust accounts; s. 30(a), 52/1998 s. 96. (c) The auditing of balances in estate agents' trust accounts; (d) Any other relevant matter. S. 60(3) (3) Any interest received by the Secretary under an amended by arrangement entered into under subsection (1) Nos 86/1994 s. 30(a), must be paid into the Fund. 52/1998 s. 96, 17/2004 s. 7(2). (4) An estate agent must not maintain a trust account at a financial institution which is not an authorised financial institution.
S. 60 amended by No. 9500 s. 13, substituted by No. 29/1989 s. 16. 60 Secretary's power to enter into arrangements with financial institutions s. 60 S. 60(1) amended by Nos 86/1994 s. 30(a)(b), 52/1998 s. 96, 1/2010 s. 14(1). (1) The Secretary may enter into an arrangement with a financial institution for the keeping of estate agents' trust accounts. S. 60(2) amended by Nos 86/1994 s. 30(a), 52/1998 s. 96. (2) An arrangement entered into by the Secretary under subsection (1), may provide for all or any of the following matters: S. 60(2)(a) amended by Nos 86/1994 s. 30(a), 52/1998 s. 96. (a) The payment of interest on the whole or any part of deposits in estate agents' trust accounts to the Secretary; S. 60(2)(b) amended by Nos 86/1994 s. 30(a), 52/1998 s. 96. (b) The manner by which the Secretary is informed of amounts held in estate agents' trust accounts; (c) The auditing of balances in estate agents' trust accounts; (d) Any other relevant matter. S. 60(3) amended by Nos 86/1994 s. 30(a), 52/1998 s. 96, 17/2004 s. 7(2). (3) Any interest received by the Secretary under an arrangement entered into under subsection (1) must be paid into the Fund. (4) An estate agent must not maintain a trust account at a financial institution which is not an authorised financial institution.
80-9428a113.docx