New South Wales Consolidated Acts

CONVEYANCERS LICENSING ACT 2003 - SECT 52

52 Interpretation

(1) In this Part--

"trust money" means money received for or on behalf of any person by a licensee in connection with the licensee's conveyancing business.

(2) A reference in this Part to a licensee includes a reference to a person who has ceased to be a licensee and to the personal representative of a licensee who has died.

(3) In the application of this Part--

(a) to a person who has ceased to be a licensee, a reference to money received for or on behalf of a person by a licensee is to be read as a reference to money received by that person for or on behalf of any other person in connection with his or her business as a licensee, and

(b) to the personal representative of a licensee who has died, a reference to money received for or on behalf of a person by a licensee is to be read as a reference to money received by that licensee or personal representative for or on behalf of a person in connection with the business carried on by that licensee.