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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.