AustLII Tasmanian Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

LEGAL PROFESSION ACT 2007 - SECT 266

Trust records to be externally examined

(1)  A law practice must at least once in each financial year have its trust records examined by an external examiner appointed in accordance with the regulations.
Penalty:  Fine not exceeding 100 penalty units.
(2)  The prescribed authority may appoint an external examiner to examine a law practice's trust records if the prescribed authority is not satisfied –
(a) that the practice has had its trust records examined as required by this section; or
(b) that an examination of the practice's trust records has been carried out in accordance with the regulations.
(3)  Without affecting the generality of section 281 (Regulations), this section has effect subject to any exemptions provided by or given under the regulations from the requirement to have trust records examined as otherwise required by this section.



[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]