257
CurrentIntermixing money
Chapter 3Conduct of legal practice
Part 3.3Trust money and trust accounts
Division 2Trust accounts and trust money generally
257 Intermixing money
(1)
A law practice must not, otherwise than as permitted under subsection (2), mix trust money with other money.
Maximum penalty—100 penalty units.
(2)
A law practice is permitted to mix trust money with other money to the extent only that is authorised by the law society and under any conditions imposed by the law society in relation to the authorisation.
This Act’s bill:Explanatory memorandum
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