LEGAL PROFESSION ACT 2007 - SECT 261
Keeping trust records
LEGAL PROFESSION ACT 2007 - SECT 261
Keeping trust records
(1) A law practice must keep in permanent form trust records in relation to
trust money received by the practice. Penalty— Maximum penalty—100
penalty units.
(2) The law practice must keep the trust records— (a) in
the way prescribed under a regulation; and
(b) in a way that at all times
discloses the true position in relation to trust money received for any
person; and
(c) in a way that enables the trust records to be conveniently
and properly investigated or externally examined; and
(d) for the period
prescribed under a regulation.
Penalty— Maximum penalty—100 penalty
units.
