244Final examination of trust records

244 Final examination of trust records (1) This section applies if a law practice— (a) stops being authorised to receive trust money; or (b) stops engaging in legal practice in the ACT. (2) The law practice must appoint an external examiner to examine the practice’s trust records— (a) for the period since an external examination was last conducted; and (b) for each period after that, consisting of a completed period of 12 months or any remaining partly completed period, during which the practice continued to hold trust money. (3) The law practice must give the law society council— (a) a report of each examination under subsection (2) not later than 60 days after the end of the period to which the examination relates; and (b) a written notice not later than 60 days after the day it stops holding trust money. (2) or (3), the practitioner or practice commits an offence. contravenes subsection (2) or (3), each principal of the practice (6) If an Australian legal practitioner dies, the practitioner’s legal personal representative must comply with this section as if the representative were the practitioner. (7) This section does not affect any other requirements under this part.