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MOTOR DEALERS AND REPAIRERS ACT 2013 - SECT 93
Protection of authorised deposit-taking institutions from liability
93 Protection of authorised deposit-taking institutions from liability
(1) An authorised deposit-taking institution is not liable to any person
merely because the institution failed to secure compliance with any provision
of this Division or the regulations relating to the keeping of trust accounts
and the withdrawal of money from trust accounts.
(2) An authorised
deposit-taking institution does not have any recourse or right against money
standing to the credit of a trust account in respect of any liability of the
motor dealer to the institution (not being a liability in connection with that
account).
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