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Legal Profession Act 2006
251ADI not subject to certain obligations and liabilities
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251 ADI not subject to certain obligations and liabilities
(1) An ADI at which a trust account is kept by a law practice—
(a) is not under any obligation to control or supervise transactions
in relation to the account or to see to the application of amounts
disbursed from the account; and
(b) does not have, in relation to any liability of the law practice to
the ADI, any recourse or right (whether by way of set-off
counterclaim, charge or otherwise) against amounts in the
account.
(2) Subsection (1) does not relieve an ADI from any liability to which it
is subject apart from this Act.