LEGAL PROFESSION ACT 2006 - SECT 230 Deficiency in trust account
LEGAL PROFESSION ACT 2006 - SECT 230
Deficiency in trust account(1) An Australian legal practitioner commits an offence if the practitioner causes—
(a) a deficiency in any trust account or trust ledger account; or
(b) a failure to pay or deliver any trust money.
Maximum penalty: 50 penalty units.
(2) Subsection (1) does not apply if the Australian legal practitioner has a reasonable excuse.
(3) In this section:
"account", in relation to an Australian legal practitioner, includes an account of the practitioner or of the law practice of which the practitioner is an associate.
"cause" a deficiency or failure—a person's conduct causes a deficiency or failure if it is responsible for the deficiency or failure.
"deficiency" in a trust account or trust ledger account includes the non-inclusion or exclusion of all or any part of an amount that is required to be included in the account.