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Legal Profession Act 2006
258Disclosure of accounts used to hold money entrusted to
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258 Disclosure of accounts used to hold money entrusted to
(1) If a law practice or any legal practitioner associate of the law practice
holds money entrusted to the law practice or legal practitioner
associate, the law practice must give the law society council the
details required by regulation for each account of the law practice
kept at an ADI in which the money is held.
(2) This section applies whether or not the money is trust money and
whether or not section 212 (Money involved in financial services or
investments) applies or a determination under section 213
(Determinations about status of money) has been made in relation to
the money.