Notice of authority for interstate legal practitioner to withdraw from local trust account—Act, s 364 (2)
87 Notice of authority for interstate legal practitioner to withdraw from local trust account—Act, s 364 (2)
This section applies to an interstate legal practitioner who (whether alone or with a cosignatory) becomes authorised to withdraw money from a local trust account of a law practice.
The practitioner must give the law society council written notice in accordance with subsection (3) of the authorisation not later than 7 days after the day the practitioner becomes authorised.
The notice must include the following information:
the practitioner’s name;
the jurisdiction in which the practitioner’s only or most recent current Australian practising certificate was granted;
the practitioner’s principal business address;
details of the local trust account, including the following:
the name of the law practice operating the account;
the practice’s principal business address;
the name of the ADI with which the account is held;
the names of any other signatories to the account;
the day when the practitioner became authorised to withdraw money from the trust account.
The practitioner must tell the law society council in writing of any change to the information mentioned in subsection (3) not later than 7 days after the change happens.
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.