Records and accounts of law practice under receivership

Current

(1)

The receiver for a law practice must keep records and accounts relating to the management of the practice—

(a)

separately from the management of the affairs of the practice before the appointment of the receiver; and

(b)

separately from the affairs of another law practice that the receiver is managing; and

(c)

in a way prescribed under a regulation.

(2)

Subject to subsection (1), the receiver for a law practice must deal with trust money of the practice in the same way as the law practice must deal with the 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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516 Records and accounts of law practice under receivership