Records of law practice under supervision

Current

(1)

The supervisor of trust money of a law practice must keep records of the supervisor’s dealings with the trust money—

(a)

separately from records relating to dealings with trust money before the supervisor’s appointment; and

(b)

separately from the affairs of another law practice in relation to which the supervisor is also a supervisor of trust money; and

(c)

in the way prescribed under a regulation.

(2)

Subject to subsection (1), a supervisor of trust money of a law practice must deal with trust money of the practice in the same way as a law practice must deal with trust money.

Regulations

This provision refers to the regulations (a regulation). Made under this Act:

1 more instrument made under this Act are listed on the Act’s overview.

This Act’s bill:Explanatory memorandum

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503 Records of law practice under supervision