LEGAL PROFESSION ACT 2007 - SECT 503
Records of law practice under supervision
LEGAL PROFESSION ACT 2007 - SECT 503
Records of law practice under supervision
503 Records of law practice under supervision
(1) The supervisor of trust money of a law practice must keep records of the
supervisor’s dealings with the trust money—
(a) separately from records
relating to dealings with trust money before the supervisor’s appointment;
and
(b) separately from the affairs of another law practice in relation to
which the supervisor is also a supervisor of trust money; and
(c) in the way
prescribed under a regulation.
(2) Subject to subsection (1) , a supervisor
of trust money of a law practice must deal with trust money of the practice in
the same way as a law practice must deal with trust money.