Queensland Consolidated Acts Queensland Consolidated Acts(1) A trustee shall not withdraw any moneys from a trust account except for the purpose of--
(a) making a payment to the person entitled thereto or in accordance with the directions of that person; or
(b) making a payment to himself or herself for professional costs, statutory duties and charges and other proper outlays which payment shall be supported by authorisation in writing by the person for or on whose behalf the moneys were received or are held; or
(c) making a payment that is otherwise authorised by law.
Maximum penalty--100 penalty units or 1 year's imprisonment.
(2) No withdrawal of moneys from a trust account for the purpose of the investment howsoever of such moneys (including but without limiting the generality hereof, a deposit in the nature of an investment) or the loan thereof to any person whomsoever shall be made unless the trustee has first obtained the authorisation in writing of the person entitled to those moneys but this subsection shall not apply to the withdrawal of moneys from a trust account for the purposes of paying for any land, chattels or livestock for the purchase in the name of the client of which the moneys in question were paid into the trust account.
Maximum penalty--100 penalty units or 1 year's imprisonment.