Victorian Current Acts

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LEGAL PROFESSION UNIFORM LAW APPLICATION ACT 2014 - SECT 84

Division does not apply to controlled money accounts

    (1)     Nothing in this Division applies to—

        (a)     a controlled money account kept by a law practice on the instructions of a single client for the exclusive use of that client; or

        (b)     a controlled money account that is—

              (i)     kept by a law practice on the instructions of 2 or more clients for the exclusive use of those clients; and

              (ii)     approved by the Victorian Legal Services Board under subsection (2).

    (2)     The Victorian Legal Services Board may approve an account referred to in subsection (1)(b) only if satisfied that the clients are joint owners of the account.


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