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LEGAL PROFESSION UNIFORM LAW (NSW) - SECT 153
When, how and where money is received
153 When, how and where money is received
(1) For the purposes of this Law, a law practice receives money when-- (a) the
law practice obtains possession or control of it directly; or
(b) the law
practice obtains possession or control of it indirectly as a result of its
delivery to an associate of the law practice; or
(c) the law practice, or an
associate of the law practice (otherwise than in a private and personal
capacity), is given a power or authority to deal with the money for or on
behalf of another person.
(2) For the purposes of this Law, a law practice or
associate is taken to have received money if the money is available to the law
practice or associate by means of an instrument or other way of authorising an
ADI to credit or debit an amount to an account with the ADI, including, for
example, an electronic funds transfer, credit card transaction or telegraphic
transfer.
(3) The Uniform Rules may determine or make provision for
determining the jurisdiction in which a law practice receives trust money.
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