LEGAL PROFESSION ACT 1987 - SECT 62 Keeping of accounts

This legislation has been repealed.

LEGAL PROFESSION ACT 1987 - SECT 62

62 Keeping of accounts

(1) A solicitor shall keep:

(a) in the case of trust money (within the meaning of section 61)--accounting records, or

(b) in the case of money other than trust money--such accounting records or other records (if any) as may be required by the regulations,

that disclose at all times the true position in relation to money received by the solicitor on behalf of another person.

(2) The accounting records referred to in subsection (1) shall be kept in a manner that enables them to be conveniently and properly audited.

(3) Without limiting the generality of subsection (2), the accounting records referred to in subsection (1) shall, if the regulations so require, be kept in such manner as the regulations prescribe.

(4) A wilful contravention of subsection (1), (2) or (3) is professional misconduct.