AustLII Tasmanian Consolidated Acts

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LEGAL PROFESSION ACT 2007 - SECT 529

Records of and dealing with trust money of law practice under supervision

(1)  A supervisor of trust money of a law practice must maintain the records of his or her dealing with the trust money –
(a) separately from records relating to dealings with trust money before his or her appointment as supervisor of trust money; and
(b) separately from the affairs of any other law practice for which he or she is supervisor of trust money; and
(c) in the manner prescribed by the regulations.
(2)  Subject to subsection (1) , a supervisor of trust money of a law practice must deal with the trust money in the same way as a law practice must deal with trust money.



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