Register of investments
59 Register of investments
If a law practice invests trust money for or on behalf of a client, the law practice must maintain a register of investments of trust money that records the following information in relation to each investment—
the name in which the investment is held,
the name of the person on whose behalf the investment is made,
the person’s address,
particulars sufficient to identify the investment,
the amount invested,
the date the investment was made,
particulars sufficient to identify the source of the investment,
details of any documents evidencing the investment,
details of any interest received from the investment or credited directly to the investment,
details of the repayment of the investment and any interest, on maturity or otherwise.
This rule does not require particulars to be recorded in the register if the particulars are required to be recorded elsewhere by another rule.
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