Examination of affairs in examining trust records
272 Examination of affairs in examining trust records
An external examiner appointed to examine a law practice’s trust records may, in carrying out an examination of the trust records, examine the affairs of the practice.
If the law practice is an incorporated legal practice or multi-disciplinary partnership, the reference in subsection (1) to the affairs of the law practice extends to the affairs of the incorporated legal practice or multi-disciplinary partnership or of an associate, so far as they are relevant to trust money, trust records and associated matters.
A reference in this division to trust records includes a reference to the affairs of a law practice that may be examined under this section in the carrying out of an examination of the practice’s trust records.
This Act’s bill:Explanatory memorandum
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