Victorian Numbered Acts Victorian Numbered ActsA provider who has placed a security deposit, an establishment fee, a fee paid in advance or a reservation fee in respect of a resident into a trust account must maintain separate records, in accordance with the regulations, in relation to the funds of each resident whose funds are held in that trust account.
Penalty: 120 penalty units, in the case of an individual;
600 penalty units, in the case of a body corporate.