Records and accounts of law practice under receivership and dealings with trust money
590 Records and accounts of law practice under receivership and dealings with trust money
(1) The receiver for a law practice must maintain the records and accounts of the practice that he or she manages:
(a) separately from the management of the affairs of the practice before his or her appointment as receiver; and
(b) separately from the affairs of any other law practice that the receiver is managing; and
in the manner prescribed by the regulations.
(2) Subject to subsection (1), the receiver for a law practice must deal with trust money of the practice 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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