AustLII Tasmanian Consolidated Acts

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LEGAL PROFESSION ACT 2007 - SECT 233

Determinations about status of money

(1)  This section applies to money received by a law practice if the prescribed authority considers that there is doubt or a dispute as to whether the money is trust money.
(2)  The prescribed authority may determine that the money is or is not trust money.
(3)  The prescribed authority may revoke or modify a determination under this section.
(4)  While a determination under this section is in force that money is trust money, the money is taken to be trust money for the purposes of this Act.
(5)  While a determination under this section is in force that money is not trust money, the money is taken not to be trust money for the purposes of this Act.
(6)  This section has effect subject to a decision of a court made in relation to the money concerned.



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