Northern Territory Consolidated Regulations

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LEGAL PROFESSION REGULATIONS - REG 39

Requirements regarding computer accounting systems

    (1)     The law practice must ensure its computerised accounting system is not capable of accepting, in respect of a trust ledger account, the entry of a transaction resulting in a debit balance to the account.

    (2)     The law practice must ensure that the system is not capable of deleting a trust ledger account unless:

        (a)     the balance of the account is zero and all outstanding cheques have been presented; and

        (b)     when the account is deleted, a copy of the account is kept in a permanent form.

    (3)     The law practice must ensure any entry in a record produced in a permanent form appears in chronological sequence.

    (4)     The law practice must ensure each page of each printed record is numbered sequentially or is printed in such a way that no page can be extracted.

    (5)     The law practice must ensure its computerised accounting system is not capable of amending the particulars of a transaction already recorded otherwise than by a transaction separately recorded that makes the amendment.

    (6)     The law practice must ensure its computerised accounting system requires input in every field of a data entry screen intended to receive information required by this Part to be included in trust records.



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