Australian Capital Territory Current Acts

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LEGAL PROFESSION ACT 2006 - SECT 227

Protection of trust money

    (1)     Money standing to the credit of a trust account kept by a law practice is not available for the payment of debts of the practice or any of its associates.

    (2)     Money standing to the credit of a trust account kept by a law practice is not liable to be attached or taken in execution for satisfying a judgment against the practice or any of its associates.

    (3)     This section does not apply to money to which a law practice or associate is entitled.



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