Australian Capital Territory Repealed Acts Australian Capital Territory Repealed ActsThis legislation has been repealed.
(1) Subject to this section, where a solicitor receives trust money from or on behalf of a person the solicitor shall issue to the person a receipt.
(2) Subject to subsection (3), a receipt—
(a) shall be numbered; and
(b) shall specify—
(i) the amount of the payment; and
(ii) the date on which the payment was received; and
(iii) the name of the person from whom the payment was received; and
(iv) if the payment was made by a person on behalf of another person—the name of that other person; and
(v) if the payment was received on behalf of a client of the solicitor—the name of the client; and
(vi) a notation sufficiently detailed to enable identification of the matter to which the payment relates.
(3) Where particulars of the matters dealt with by the solicitor in the course of his or her practice are normally recorded in a computer and at the time of the payment—
(a) the matter has not been entered in the computer; or
(b) the computer is not in operation;
the solicitor shall issue an interim receipt in accordance with subsection (2) (b) and as soon as practicable after the matter has been so entered, or the computer is in operation, forward to the person on whose behalf the payment was made a receipt in accordance with subsection (2).
(4) Where a solicitor issues a receipt for trust money, the solicitor shall keep a copy of the receipt or of the particulars referred to in subsection (2) (b).
(5) Where the payment is made by direct deposit or electronic transfer into an account operated by the solicitor in connection with his or her practice, the solicitor shall, as soon as he or she becomes aware of the payment—
(a) take reasonable steps to identify the person who made the payment; and
(b) issue to the person a receipt in accordance with subsection (2).