Western Australian Current Regulations

REAL ESTATE AND BUSINESS AGENTS (GENERAL) REGULATIONS 1979 - REG 6D

6D .         Trust accounts, designation of (Act s. 68(1))

        (1)         For the purposes of section 68(1) of the Act, a trust account is to be designated in the manner provided for in this regulation.

        (2)         The designation of a trust account, other than a separate account, is to include —

            (a)         the description “REBA Trust Account”; and

            (b)         the name of the holder of the triennial certificate, and any business name of that holder, recorded in the register; and

            (c)         the letters “TC” followed by the triennial certificate number recorded in the register.

        (3)         The designation of a separate account is to include —

            (a)         the description “REBA Trust Account — IB”; and

            (b)         the name of the holder of the triennial certificate, and any business name of that holder, recorded in the register; and

            (c)         the words “in trust for” followed by the name of the person who requested the separate account; and

            (d)         the letters “TC” followed by the triennial certificate number recorded in the register.

        [Regulation 6D inserted: Gazette 25 Jun 1996 p. 2918‑19; amended: Gazette 30 Jun 2017 p. 3554.]