Queensland Consolidated Acts Queensland Consolidated ActsIn this Act--
agent, of a trustee, includes--
(a) the manager of the trustee's financial institution; and
(b) the trustee's accountant or auditor, whether or not an employee of the trustee; and
(c) anyone who has been, or acted as, the manager of the trustee's financial institution or as accountant, auditor or other agent of the trustee.
approved form see section 37.
financial period, for a trustee, means--
(a) for the first period after the trustee becomes a trustee--the period (not more than a year) starting on the day the trustee becomes a trustee and ending on 31 March; or
(b) for any other period--a year ending on 31 March.
moneys includes an instrument for the payment of money in any case where the instrument may be paid into a financial institution.
moneys received for or on behalf of any person includes moneys held for or on behalf of any person whether originally received for or on the person's behalf or not.
public accountant means a person who as a principal either alone or with others carries on the business of--
(a) general accountancy; or
(b) the auditing of accounts; or
(c) general accountancy and the auditing of accounts;
and who places the person's services in such regard at the disposal of the public generally for remuneration and whose services are not either entirely or mainly at the disposal of any individual, firm, trust or association (corporate or unincorporate).
supervising entity see section 4E.
trust account means a trust account kept under this Act, whether established before or after 1 July 1973.
trustee means any public accountant engaged in the practice of his or her profession, or the carrying on of his or her business, as such either solely on his or her own account or in partnership with any other person or persons and who, or the firm of which he or she is a partner, in the course of such practice or carrying on of business receives any money upon trust or upon terms requiring the public accountant to account to any person therefor, and includes a person declared under a regulation to be a trustee.
trust moneys in relation to any trustee means moneys received for or on behalf of any other person by the trustee in the course of or in connection with the practice of the person's profession or the carrying on of the person's business.