AustLII Tasmanian Consolidated Acts

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LEGAL PROFESSION ACT 2007 - SECT 355

Interest on trust account

(1)  The prescribed authority may enter into an agreement with an ADI for the ADI to pay to the prescribed authority any payment calculated by reference to, or any interest accruing on, a trust account held by a law practice.
(2)  Subsection (1) does not apply to interest accruing on a separate trust account maintained by a law practice for the exclusive benefit of a particular client.



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