Reconciliation statements
17 Reconciliation statements
A conveyancer must, at the end of each month, prepare and keep as
part of the conveyancer's records—
a statement reconciling the balance of the conveyancer's cash books, or equivalent computer records, kept under regulation 15 with the balance of the conveyancer's trust account; and
a statement reconciling the balances of the ledgers comprised in the conveyancer's trust ledger accounts with the balance of the conveyancer's trust account.
The conveyancer is not required to set out a list of individual balances, or the names of the clients on whose behalf money is held, when preparing the statement referred to in subregulation (1)(b).
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.