THE CORPORATIONS LAW

CHAPTER 7 - SECURITIES

PART 7.6 - MONEY AND SCRIP OF DEALERS' CLIENTS

SECTION 868   WHEN MONEY TO BE PAID INTO TRUST ACCOUNT  

868(1)  (Time limits for payment)  

Where section 867 requires a licensee to pay money into a trust account, the licensee must pay the money into a trust account on or before the next day after the licensee receives it on which it can be so paid.

868(2)  (Contravention an offence)  

A person who contravenes subsection (1) is guilty of an offence.

868(3)  [Intent to defraud]  

A person who, with intent to defraud, contravenes subsection (1) is guilty of an offence.