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This is a Bill, not an Act. For current law, see the Acts databases.
TASMANIA
__________
CONVEYANCING AMENDMENT BILL 2012
__________
CONTENTS
1. Short title
2. Commencement
3. Principal Act
4. Section 3 amended (Interpretation)
5. Section 48A inserted
48A. Certain trust accounts taken to have been maintained
6. Repeal of Act
[Bill 2]-XI
2
CONVEYANCING AMENDMENT BILL 2012
(Brought in by the Minister for Corrections and Consumer
Protection, the Honourable Nicholas James McKim)
A BILL FOR
An Act to amend the Conveyancing Act 2004
Be it enacted by His Excellency the Governor of Tasmania, by
and with the advice and consent of the Legislative Council and
House of Assembly, in Parliament assembled, as follows:
1. Short title
This Act may be cited as the Conveyancing
Amendment Act 2012.
2. Commencement
This Act commences on the day on which this
Act receives the Royal Assent.
3. Principal Act
In this Act, the Conveyancing Act 2004* is
referred to as the Principal Act.
*No. 22 of 2004
THIS BILL IS COGNATE WITH THE PROPERTY AGENTS AND LAND TRANSACTIONS
AMENDMENT BILL 2012
[Bill 2] 3
Conveyancing Amendment Act 2012
Act No. of
s. 4
4. Section 3 amended (Interpretation)
Section 3(1) of the Principal Act is amended by
omitting the definition of approved institution
and substituting the following definition:
approved institution means an authorised
deposit-taking institution with which a
scheme of arrangement that -
(a) relates in whole or in part to the
keeping of trust accounts for the
purposes of this Act; and
(b) is in force -
has been entered into under section 162
of the Property Agents and Land
Transactions Act 2005;
5. Section 48A inserted
After section 48 of the Principal Act, the
following section is inserted in Part 5:
48A. Certain trust accounts taken to have been
maintained
A conveyancer who maintained, during a
period before the commencement of the
Conveyancing Amendment Act 2012, a
trust account with an authorised deposit-
taking institution that would have been
an approved institution if that Act and the
Property Agents and Land Transactions
Amendment Act 2012 had been in force
4
Conveyancing Amendment Act 2012
Act No. of
s. 6
during the period, is to be taken to have
maintained the account with an approved
institution during the period.
6. Repeal of Act
This Act is repealed on the ninetieth day from
the day on which it commences.
Government Printer, Tasmania 5