Records of and dealing with trust money of law practice under supervision
577 Records of and dealing with trust money of law practice under supervision
(1) A supervisor of trust money of a law practice must maintain the records of the supervisor's dealings with the trust money:
(a) separately from records relating to dealings with trust money before his or her appointment as supervisor; and
(b) separately from the affairs of any other law practice for which he or she is supervisor; and
in the manner prescribed by the regulations.
(2) Subject to subsection (1), a supervisor of trust money of a law practice must deal with trust money in the same way as a law practice must deal with trust money.
This provision refers to the regulations (prescribed by the regulations
). Made under this Act:
This Act’s bill:Explanatory statementSecond reading speech
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