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LEGAL PROFESSION REGULATION 2007 - REG 63 Keeping of trust records—Act, s 232 (2) (a)

LEGAL PROFESSION REGULATION 2007 - REG 63

Keeping of trust records—Act, s 232 (2) (a)

    (1)     This section has effect for the href="http://www.legislation.act.gov.au/a/2006-25/default.asp" title="Legal Profession Act 2006">Act

, section 232 (Keeping trust records).

    (2)     Trust records must be kept for a period of 7 years after—

        (a)     for a trust record mentioned in the href="http://www.legislation.act.gov.au/a/2006-25/default.asp" title="Legal Profession Act 2006">Act

, section 210 (2), definition of "trust records", paragraphs (a) to (m)—the only or the last transaction entry in the trust record is made; or

        (b)     for any other trust record—finalisation of the matter to which the trust record relates.

    (3)     This section does not apply to a written direction mentioned in the href="http://www.legislation.act.gov.au/a/2006-25/default.asp" title="Legal Profession Act 2006">Act

, section 222 (2) (a) (Certain trust money to be deposited in general trust account) or section 224 (1) (Controlled money).