Conveyancers Licensing Act 2003 No 3
63 Unclaimed trust money held by former licensee or personal
(1) A former licensee, or the personal representative of a deceased
licensee, who holds money in a trust account kept under this Act must furnish
to the Director-General a statement giving particulars of:
(a) the money held in the trust account as at the date on which the
statement is furnished, and
(b) the names of the persons for whom or on whose behalf the money is
(c) the address of each of those persons last known to the person
furnishing the statement.
(2) This statement is the first statement that the former licensee or
personal representative is required to furnish and it is to be furnished
within 3 months after the date on which the person ceased to be a licensee or
became the personal representative of the deceased
(3) The former licensee or personal representative must furnish a
further statement (an unclaimed money
statement) within 14 days after the period of 12 months has elapsed
since the first statement was furnished.
(4) The further statement is to give particulars of the same matters
as the first statement and also include particulars of any payments made from
the trust account or other place where money is held since the date of the
(5) A statement under this section is to be in the form approved by
(6) The regulations may exempt money or a class of money from the
operation of this section.