ACTIn ForceRegulation
Legal Profession Regulation 2007
80Disclosure of accounts used to hold money entrusted to
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80 Disclosure of accounts used to hold money entrusted to
legal practitioners—Act, s 258 (1)
(1) A law practice must give the law society council the following details
for each account that is kept at an ADI by the law practice in which
the money entrusted to the law practice, or a legal practitioner
associate of the law practice, is held:
(a) the name of the ADI and its BSB number;
(b) the name and number of the account;
(c) the name of each person who is authorised to operate on the
account;
(d) for each amount of money entrusted to the practice or
associate—
(i) the name of the person for whom the money is entrusted;
and
(ii) the purposes for which the money is entrusted; and
(iii) the date on which, and the way in which, the money is
deposited in the account; and
(iv) the date on which, and the way in which, the money is
withdrawn from the account.
(2) The details must be given to the law society council at the times and
in the way the law society council requires.
Miscellaneous Division 6.9