Question: Determine whether it involves Trust money, as defined by the Conveyancers Act 2006, or is simply an office receipt or payment.Received a cheque for $600,000
Determine whether it involves "Trust money", as defined by the Conveyancers Act 2006, or is simply an office receipt or payment.Received a cheque for $600,000 representing the proceeds from sale of a client's home which is to be used to purchase another property on behalf of your client and is payable to the vendor of the property your client is purchasing.
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Based on the information provided the situation involves Trust money as defined by the Conveyancers ... View full answer
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