Trust Accounting
Trust Accounting Guidelines
One of the purposes of the Travel Industry Act, 2002 is the protection of customer monies received for the purchase of travel services, including travel services to be provided by an air carrier.
"Trust Accounting" recognizes this purpose by considering that all customer monies received for travel services are deemed to be held in trust to be used only for the purchase of the travel services contracted for by the customer. Monies in a Trust Account do not belong to the travel agent or wholesaler. Read more by downloading the Trust Accounting Guidelines in PDF format:
