Continuing application of former trust account provisions
730 Continuing application of former trust account provisions
(1) Subject to subsection (2), for the period starting on the commencement date and ending on 30 June 2007 or a later date prescribed by the regulations:
Part 3.1 does not apply to law practices; and
(b) the former trust account provisions continue to apply to legal practitioners as if the repealed Act had not been repealed.
(2) If, under the former trust account provisions, an audit of a legal practitioner's records would have been required to be conducted after 30 June 2007 had the repealed Act not been repealed, the former trust account provisions continue to apply in relation to the legal practitioner as if the repealed Act had not been repealed.
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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