234
In forcePurposes of Part
Chapter 3Conduct of legal practice
Part 3.1Trust money and trust accounts
Division 1Preliminary matters
234 Purposes of Part
The purposes of this Part are as follows:
(a)
to ensure trust money is held by law practices in a way that protects the interests of persons for whom money is held, both inside and outside this jurisdiction;
(b)
to minimise compliance requirements for law practices that provide legal services within and outside this jurisdiction;
(c)
to ensure the Law Society can work effectively with corresponding authorities in other jurisdictions in relation to the regulation of trust money and trust accounts.
Regulations
This provision refers to the regulations (the regulation
). Made under this Act:
This Act’s bill:Explanatory statementSecond reading speech
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