58
CurrentTrust account statements for sophisticated clients
Part 6Trust money and trust accounts
Division 6.6Trust money generally
58 Trust account statements for sophisticated clients
(1)
Section 57 does not apply to a sophisticated client to the extent to which the client directs the law practice not to provide trust account statements under that section.
(2)
If the sophisticated client directs the law practice to provide trust account statements on a basis different from that under section 57, the law practice must supply those statements as directed, except to the extent to which the direction is unreasonably onerous.
(3)
The law practice must keep a copy of a trust account statement given under this section.
(4)
In this section:
sophisticated client—see the Act, section 261.
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