New South Wales Consolidated Acts

LEGAL PROFESSION UNIFORM LAW (NSW) - SECT 148

148 Deficiency in trust account

A law practice, an Australian legal practitioner or any other person must not, without reasonable excuse, cause--

(a) a deficiency in any trust account or trust ledger account; or

(b) a failure to pay or deliver any trust money.

Penalty: 500 penalty units or imprisonment for 5 years, or both.