Victorian Current Acts

LEGAL PROFESSION UNIFORM LAW APPLICATION ACT 2014 - SECT 83

    (1)     Amounts deposited with the Victorian Legal Services Board under this Division—

        (a)     are held on trust for the law practice that, or approved clerk who, deposited them; and

        (b)     are repayable on demand.

    (2)     Despite subsection (1), if—

        (a)     an amount is repaid to a law practice or an approved clerk; and

        (b)     subsequently there is a sufficient amount in the practice's or clerk's trust accounts to cover the required deposit amount—

the law practice or approved clerk must deposit the required deposit amount with the Victorian Legal Services Board.

    (3)     Amounts repaid under this section must be deposited in the recipient's trust account.