sec.516Records and accounts of law practice under receivership

### sec.516 Records and accounts of law practice under receivership The receiver for a law practice must keep records and accounts relating to the management of the practice— separately from the management of the affairs of the practice before the appointment of the receiver; and separately from the affairs of another law practice that the receiver is managing; and in a way prescribed under a regulation. Subject to subsection (1) , the receiver for a law practice must deal with trust money of the practice in the same way as the law practice must deal with the trust money. s 516 amd 2010 No. 42 s 138 sch (sec.516-ssec.1) The receiver for a law practice must keep records and accounts relating to the management of the practice— separately from the management of the affairs of the practice before the appointment of the receiver; and separately from the affairs of another law practice that the receiver is managing; and in a way prescribed under a regulation. (sec.516-ssec.2) Subject to subsection (1) , the receiver for a law practice must deal with trust money of the practice in the same way as the law practice must deal with the trust money. - (a) separately from the management of the affairs of the practice before the appointment of the receiver; and - (b) separately from the affairs of another law practice that the receiver is managing; and - (c) in a way prescribed under a regulation.