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Legal Profession Act 2006
226Trust money subject to specific powers
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226 Trust money subject to specific powers
(1) A law practice must ensure that trust money that is the subject of a
power given to the practice or an associate of the practice is dealt with
by the practice or associate only in accordance with the power relating
to the money.
(2) The law practice must account for the money as prescribed by
(1) or (2), the practitioner or practice commits an offence.
(6) This section is subject to section 226A (Trust money received in form