Document ID: chunk:federal_register_of_legislation:F2023C00203:clause:6_33
Version: federal_register_of_legislation:F2023C00203
Segment Type: clause
Provision Reference: sch 6 cl 33
Character Range: 92663–93381

33  Authorisation of fees, costs and disbursements—paragraph 122(b)
 (1) A manager may withdraw money from a trust account held on behalf of a body corporate in satisfaction of a claim that the manager has against the body corporate for fees, costs or disbursements if the body corporate has agreed in writing to pay to the manager those fees, costs or disbursements.
 (2) A manager who becomes entitled to money held in the manager's trust account in or towards satisfaction of the manager's fees, costs or disbursements must, as soon as practicable (and in any event within 3 months), transfer the money to an account maintained by the manager for receipts other than trust money.
Maximum penalty: 5 penalty units.