New South Wales Consolidated Acts

LEGAL PROFESSION UNIFORM LAW (NSW) - SECT 168

168 Uniform Rules for trust money and trust accounts

(1) The Uniform Rules may make provision with respect to any aspect of trust money received by law practices and trust accounts.

(2) Without limitation, the Uniform Rules may make provision with respect to the following--

(a) the receipt, handling and disbursement of trust money;

(b) the establishment and maintenance of trust accounts;

(c) record keeping and accounting requirements;

(d) reports to clients and the designated local regulatory authority by law practices relating to trust money and trust accounts;

(e) the external examination of trust records;

(f) the external investigation of the affairs of a law practice;

(g) dealing with unclaimed money.