sec.49CDefinitions for sdiv 2

### sec.49C Definitions for sdiv 2 In this subdivision— law practice means any of the following, within the meaning of the Legal Profession Act 2007 , that has an office in Queensland— an Australian legal practitioner who is a sole practitioner but not a barrister under that Act; a law firm; an incorporated legal practice; a multi-disciplinary partnership. prescribed trust account , for a recognised entity, means— if the recognised entity is a law practice—a trust account kept by the practice under the Legal Profession Act 2007 ; or if the recognised entity is the public trustee—a common fund held by the public trustee under the Public Trustee Act 1978 ; or if the recognised entity is a real estate agent—a trust account kept by the agent under the Agents Financial Administration Act 2014 . real estate agent means a real estate agent carrying on business as a real estate agent under the Property Occupations Act 2014 . recognised entity means— a law practice; or the public trustee; or a real estate agent. s 49C ins 2014 No. 46 s 30 - (a) an Australian legal practitioner who is a sole practitioner but not a barrister under that Act; - (b) a law firm; - (c) an incorporated legal practice; - (d) a multi-disciplinary partnership. - (a) if the recognised entity is a law practice—a trust account kept by the practice under the Legal Profession Act 2007 ; or - (b) if the recognised entity is the public trustee—a common fund held by the public trustee under the Public Trustee Act 1978 ; or - (c) if the recognised entity is a real estate agent—a trust account kept by the agent under the Agents Financial Administration Act 2014 . - (a) a law practice; or - (b) the public trustee; or - (c) a real estate agent.