A WA agency's printer fails, so a property manager writes a trust receipt by hand for a tenant's cash rent. What must this hand-written receipt show beyond the usual details?
Correct Answer
A) The name and signature of the person who received the money
The WA trust account handbook lists what every trust receipt must show: the certificate holder's name and business name, a unique consecutive number, the date, the payer's name, the amount and the purpose. If the receipt is hand-written, it must also show the name of the person receiving the money, evidenced by their signature (regulation 6G).
Why This Is the Correct Answer
Hand-written WA trust receipts must carry the receiver's name and signature.
Why the Other Options Are Wrong
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A WA agency holds $310 of rent owed to a former landlord it cannot locate. Under the Unclaimed Money Act 1990 process, when does the agency first report it to Treasury?
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