ACTIn ForceRegulation
Legal Profession Regulation 2007
33Copies of trust records to be printed
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33 Copies of trust records to be printed
(1) The law practice must print a paper copy of trust records as follows:
(a) trust account receipts and payments cash books are to be printed
monthly as at the end of each named month, unless a copy of the
books as at the end of the named month is kept in electronic form
that is readable or reportable on demand;
(b) reconciliation statements prepared under section 48
(Reconciliation of trust records) are to be printed as at the end
of each named month;
(c) lists of trust account ledgers and their balances are to be printed
monthly as at the end of each named month;
(d) lists of controlled money accounts and their balances are to be
printed monthly as at the end of each named month;
(e) trust ledger accounts, the register of controlled money and the
trust account transfer journal are to be printed before they are
archived or deleted from the system;
(f) trust ledger account and controlled money account details are to
be printed on request by and provided to an investigator.
(2) The trust records printed monthly as at the end of a named month
under subsection (1) (a) to (d) must be printed not later than
15 working days after the named month.
(3) The paper copies printed under subsection (1) are to be kept by the
law practice, except if they are printed on request under that
subsection.
(4) The electronic copy of the trust account receipts and payments cash
books under subsection (1) (a) must be kept by the law practice.
Computerised accounting systems Division 6.2