(d) the money is the subject of a power given to the
practice or an associate of the practice to deal with the money for or on
behalf of another person.
Penalty—
Maximum penalty—100 penalty
units.
(2) Subject to section 255, a law practice that has received money
that is the subject of a written direction mentioned in subsection (1) (a)
must deal with the money in accordance with the direction—
(a) within the
period, if any, stated in the direction; or
(b) subject to paragraph (a) , as
soon as practicable after it is received.
Penalty—
Maximum
penalty—100 penalty units.
(3) The law practice must keep a written
direction mentioned in subsection (1) (a) for the period prescribed under a
regulation.
Penalty—
Maximum penalty—100 penalty units.
(4) A
person is an
"appropriate person" for this section if the person is legally entitled to
give the law practice directions in relation to dealings with the trust money.
