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LEGAL PROFESSION ACT 2007 - SECT 753 Definitions for pt 9.11

LEGAL PROFESSION ACT 2007 - SECT 753

Definitions for pt 9.11

753 Definitions for pt 9.11

In this part—


"accounting and other records" , of a trustee, means the accounting and other records, relating to trust moneys, kept by the trustee under the Trust Accounts Act.


"auditor" , of a trustee, means an individual who, under the Trust Accounts Act, section 14 or 15, is appointed as an auditor to audit the trustee’s accounting and other records and trust accounts.


"commencement day" means the day on which the provision in which the term is used commences.


"financial period" , for a trustee, see the Trust Accounts Act, section 4.


"supervising entity" means the law society.


"Trust Accounts Act" means the Trust Accounts Act 1973 .


"trustee" means a person who, immediately before the commencement day

(a) is a solicitor and trustee under the Trust Accounts Act; or
(b) is a former solicitor who is a trustee under the Trust Accounts Act, section 4C.

"trust moneys" see the Trust Accounts Act, section 4.