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Legal Profession Regulation 2007
73Obligation to deposit subject to availability of trust funds
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73 Obligation to deposit subject to availability of trust funds
(1) If—
(a) a law practice has not, before the end of a period within which
the law practice is required to make a deposit under this division,
made the deposit; and
(b) on the last day of the period, the money standing to the credit of
the law practice’s general trust account is not sufficient to enable
the deposit to be made;
the period is extended until there is standing to the credit of the
general trust account of the law practice on a subsequent quarter day
in the trust accounting year in which the end of that period happens
an amount sufficient to enable the deposit to be made.
quarter day means 30 September, 31 December, 31 March or
30 June.