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SETTLEMENT AND BUSINESS AGENTS Part IV Settlement Agents Act 1981
Agents should advise the Commissioner for Consumer Protection as soon as practicable or within five working days when a trust account is closed or amended. Note that this is not required for separate interest bearing trust accounts.
Lodge this form by email to firstname.lastname@example.org, by fax (08) 6552 9538, or by post to Locked Bag 100, EAST PERTH WA 6892
The designation of the trust account must include the name of the holder of the triennial certificate, business name of the holder of the triennial certificate (if any), the description “SA Trust Account” and the letters “TC” followed by the triennial certificate number.
Agents are required to include the following information in the account title:
Name type: Entity name trading as (or 'T/A'') and business name as recorded on the triennial certificate SA TRUST AC (the word account can be abbreviated or in full). TC followed by the triennial certificate number (up to five digits):
i.e. DEF Ply Ltd (ACN 234 567 890) T/A UVW Settlements SA Trust AC TC 87654
Agents may have more than one trust account, such as for a special project I strata etc, in which case account designators should appear after the words SA Trust AC:
i.e. DEF Ply Ltd (ACN 234 567 890) T/A UVW Settlements SA Trust AC- Strata Plan 99999 - TC 87654
Settlement agents may hold separate interest bearing trust accounts:
i.e. DEF Ply Ltd (ACN 234 567 890) T/A UVW Settlements In Trust For (may be abbreviated as "ITF") John Smith SA Trust AC TC 87654- 1B,
6B. Designation of trust accounts (Acts. 49(1))
[Regulation 68 inserted in Gazette 25 Jun 1996 p. 2926.]