New South Wales Consolidated Acts
[Index]
[Table]
[Search]
[Search this Act]
[Notes]
[Noteup]
[Previous]
[Next]
[Download]
[History]
[Help]
ENTERTAINMENT INDUSTRY ACT 2013 - SECT 6
Trust accounts to be established by performer representatives
(1) A performer representative who receives money on behalf of a performer,
from any person, must-- (a) hold the money exclusively for the performer, and
(b) ensure that the requirements of this Act and the regulations under this
Act are complied with in relation to the money.
(2) Money received on behalf
of a performer by a performer representative that is not paid to the performer
immediately (or within such period as may be prescribed by the regulations)
must-- (a) be paid to the credit of a general trust account at an authorised
deposit-taking institution in New South Wales and be held in accordance with
the regulations, and
(b) be disbursed as directed by the performer within 14
days after the performer representative receives the money.
Note : Section 43
provides that the industrial court or Local Court may order a person to pay a
pecuniary penalty not exceeding $10,000 for a contravention of paragraph (b).
(3) A trust account under this section must be kept exclusively for the
purpose of money received on behalf of a performer.
(4) A
performer representative must keep accounting records in respect of money
received on behalf of a performer.
(5) The accounting records must-- (a)
disclose at all times the true position concerning the money received, and
(b) be kept at the principal place of business of the
performer representative, and
(c) be otherwise kept in accordance with the
regulations.
(6) The regulations may make provision for or with respect to
the administration of trust accounts under this section, in particular-- (a)
the establishment of trust accounts, and
(b) the keeping of documents and
records by performer representatives.
(7) A person who, without reasonable
excuse, contravenes a provision of this section (other than subsection (2)
(b)) or the regulations under this section is guilty of an offence. : Maximum
penalty--75 penalty units.
AustLII: Copyright Policy
| Disclaimers
| Privacy Policy
| Feedback