sec.241Protocols for deciding where trust money is received

### sec.241 Protocols for deciding where trust money is received The law society may enter into arrangements ( trust money protocols ) with corresponding authorities about any or all of the following— deciding the jurisdiction where a law practice receives trust money; sharing information about whether, and if so how, trust money is being dealt with under this Act or a corresponding law. For this Act, to the extent that a trust money protocol is relevant, the jurisdiction where a law practice receives trust money must be decided under the relevant protocol. The law society may enter into arrangements that amend, revoke or replace a trust money protocol. A trust money protocol, or an amendment, revocation or replacement of a trust money protocol, has effect in this jurisdiction only to the extent it is approved under a regulation. (sec.241-ssec.1) The law society may enter into arrangements ( trust money protocols ) with corresponding authorities about any or all of the following— deciding the jurisdiction where a law practice receives trust money; sharing information about whether, and if so how, trust money is being dealt with under this Act or a corresponding law. (sec.241-ssec.2) For this Act, to the extent that a trust money protocol is relevant, the jurisdiction where a law practice receives trust money must be decided under the relevant protocol. (sec.241-ssec.3) The law society may enter into arrangements that amend, revoke or replace a trust money protocol. (sec.241-ssec.4) A trust money protocol, or an amendment, revocation or replacement of a trust money protocol, has effect in this jurisdiction only to the extent it is approved under a regulation. - (a) deciding the jurisdiction where a law practice receives trust money; - (b) sharing information about whether, and if so how, trust money is being dealt with under this Act or a corresponding law.