Australian Capital Territory Current Acts

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LEGAL PROFESSION ACT 2006 - SECT 498

Records and accounts of law practice under receivership and dealings with trust money

    (1)     A receiver for a law practice must keep the records and accounts of the practice that the receiver manages—

        (a)     separately from the management of the affairs of the practice before their appointment as receiver; and

        (b)     separately from the affairs of any other law practice that the receiver is managing; and

        (c)     in the way prescribed by regulation.

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



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