(1)  In this Part –

deposit record includes a deposit slip or duplicate deposit slip;

external examination means an external examination under Division 5 of a law practice’s trust records;

external examiner means a person holding an appointment as an external examiner under Division 5 ;

investigation means an investigation under Division 4 of the affairs of a law practice;

investigator means a person holding an appointment as an investigator under Division 4 ;

permanent form , in relation to a trust record, means printed or, on request, capable of being printed in English on paper or other material;

power includes authority;

transit money means money received by a law practice subject to instructions to pay or deliver it to a third party, other than an associate of the practice;

trust money means money entrusted to a law practice in the course of or in connection with the provision of legal services by the practice, and includes –

(a) money received by the practice on account of legal costs in advance of providing the services; and

(b) controlled money received by the practice; and

(c) transit money received by the practice; and

(d) money received by the practice, that is the subject of a power, exercisable by the practice or an associate of the practice, to deal with the money for or on behalf of another person;

trust records includes the following documents:

(a) receipts;

(b) cheque butts or cheque requisitions;

(c) records of authorities to withdraw by electronic funds transfer;

(d) deposit records;

(e) trust account ADI statements;

(f) trust account receipts and payments cash books;

(g) trust ledger accounts;

(h) records of monthly trial balances;

(i) records of monthly reconciliations;

(j) trust transfer journals;

(k) statements of account as required to be furnished under the regulations;

(l) registers required to be kept under the regulations;

(m) monthly statements required to be kept under the regulations;

(n) files relating to trust transactions or bills of costs or both;

(o) written directions, authorities or other documents required to be kept under this Act or the regulations;

(p) supporting information required to be kept under the regulations in relation to powers to deal with trust money.

(2)  A reference in this Part to a law practice's trust account or trust records includes a reference to an associate's trust account or trust records.

(3)  A reference in this Part to a power given to a law practice or an associate of the practice to deal with money for or on behalf of another person is a reference to a power given to the practice or associate that is exercisable by –

(a) the practice alone; or

(b) an associate of the practice alone (otherwise than in a private and personal capacity); or

(c) the practice or an associate of the practice jointly or severally, or jointly and severally, with either or both of the following:

(i) one or more associates of the practice;

(ii) the person, or one or more nominees of the person, for whom or on whose behalf the money may or is to be dealt with under the power.