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LEGAL PROFESSION ACT 2007 - SECT 756 Dealing with particular trust moneys

LEGAL PROFESSION ACT 2007 - SECT 756

Dealing with particular trust moneys

756 Dealing with particular trust moneys

(1) This section applies to trust moneys that—
(a) were received by a trustee before the commencement day; and
(b) on the commencement day, have not been paid into a trust account under the Trust Accounts Act, section 7(3).
(2) The trustee must deal with the trust moneys under this Act as if the trust moneys were trust money under this Act received by the trustee immediately after the commencement day.
(3) This section applies subject to section 727.