217Discharge by legal practitioner associate of obligations of

217 Discharge by legal practitioner associate of obligations of law practice (1) The following actions, if taken by a legal practitioner associate of a law practice on behalf of the practice in relation to trust money received by the practice, discharge the corresponding obligations of the practice in relation to the money: (a) the establishment of a trust account; (b) the keeping of a trust account; (c) the payment of trust money into and out of a trust account and other dealings with trust money; (d) the keeping of trust records; (e) engaging an external examiner to examine trust records; (f) the payment of an amount into an ADI account in accordance with section 253 (Statutory deposits); (g) an action of a kind prescribed by regulation. (2) If the legal practitioner associate keeps a trust account in relation to trust money received by the law practice, this part applies to the associate in the same way as it applies to a law practice.

(3) Subsection (1) does not apply to the extent that the associate is prevented by a regulation from taking any action mentioned in that subsection.