New South Wales Repealed Regulations

This legislation has been repealed.

LEGAL PROFESSION REGULATION 2002 - REG 79

79 Deposits

(1) A solicitor who receives trust money must pay it into his or her trust bank account:

(a) before the end of the next banking day after the day of its receipt, if that is practicable, or

(b) if that is not practicable, as soon as practicable after that day.

(2) A solicitor who makes a deposit to his or her trust bank account must ensure that:

(a) a bank deposit record is produced to the bank at the time the deposit is made, and

(b) the particulars referred to in subclause (3) are then entered in the record.

(3) A bank deposit record must include provision for the entry of particulars of the following:

(a) the date of the deposit,

(b) the amount of the deposit,

(c) whether the deposit consists of cheques, notes or coins, and

(d) in the case of cheques, the name of the drawer, bank and branch and the amount of each cheque.

(4) A bank deposit record is not required in the case of money credited directly to a bank account electronically or otherwise.