483Effect of service of notice of appointment of supervisor

483 Effect of service of notice of appointment of supervisor (1) If an ADI is given notice under section 482 of the appointment of a supervisor of trust money of a law practice, then, while the appointment is in force, the ADI must ensure that no funds are withdrawn or transferred from a trust account of the practice unless— drawn on the account signed by the supervisor or a nominee of the supervisor; or (b) the withdrawal or transfer is made by the supervisor or a nominee of the supervisor using electronic or internet banking facilities; or by the supervisor or a nominee of the supervisor. (a) the person is given notice under section 482 of the appointment of a supervisor of trust money of a law practice; and

(3) Subsection (2) does not apply to an ADI or the supervisor of trust money of the law practice. (4) An offence against this section is a strict liability offence. (5) The supervisor of trust money of a law practice may, for subsection (1) (b), enter into arrangements with an ADI for withdrawing funds from a trust account of the practice using electronic or internet banking facilities. (6) If an amount is withdrawn or transferred in contravention of subsection (1) from a trust account of a law practice kept with an ADI, the supervisor for the practice may recover the amount from the ADI as a debt in a court of competent jurisdiction. (7) The supervisor for the law practice must pay any amount recovered from the ADI under subsection (6) into the trust account of the