Australian Capital Territory Numbered Acts Australian Capital Territory Numbered Acts18. (1) A bank at which a trust account is maintained is not under any obligation to control or supervise transactions in relation to the trust account or to see to the application by the private provider of money drawn out of the account.
(2) The bank at which a private provider maintains a trust account shall not, in respect of any liability of the provider to the bank, have or obtain any recourse or right, whether by way of settlement, counter-claim, charge or otherwise against money standing to the credit of the trust account.
(3) Nothing in this section relieves a bank from any liability or obligation to which it is subject apart from this section.