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LEGAL PROFESSION UNIFORM LAW (NSW) - SECT 150
Authority to receive trust money
150 Authority to receive trust money
A law practice must not receive trust money unless--
(a) a principal of the
law practice holds an Australian practising certificate authorising the
receipt of trust money; or
(b) the law practice is otherwise authorised to
receive trust money under the Uniform Rules.
Civil penalty: 250 penalty
units.
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