sec.35Deposit records for trust money

### sec.35 Deposit records for trust money This section applies if a law practice receives trust money that is required to be paid into a general trust account and the money is not paid into a general trust account by direct deposit. A deposit record must be produced to the approved ADI at the time the deposit is made. The following particulars must be recorded on the deposit record— the date of the deposit; the amount of the deposit; whether the deposit consists of cheques, notes or coins, and the amount of each; for each cheque— the name of the drawer of the cheque; and the name and branch, or BSB number, of the ADI on which the cheque is drawn; and the amount of the cheque. The deposit record must be made out in duplicate, whether by way of making a carbon copy or otherwise. The duplicate deposit record must be kept for each deposit to the general trust account and must be kept in a deposit book or be otherwise securely filed in the order in which the deposits were made. (sec.35-ssec.1) This section applies if a law practice receives trust money that is required to be paid into a general trust account and the money is not paid into a general trust account by direct deposit. (sec.35-ssec.2) A deposit record must be produced to the approved ADI at the time the deposit is made. (sec.35-ssec.3) The following particulars must be recorded on the deposit record— the date of the deposit; the amount of the deposit; whether the deposit consists of cheques, notes or coins, and the amount of each; for each cheque— the name of the drawer of the cheque; and the name and branch, or BSB number, of the ADI on which the cheque is drawn; and the amount of the cheque. (sec.35-ssec.4) The deposit record must be made out in duplicate, whether by way of making a carbon copy or otherwise. (sec.35-ssec.5) The duplicate deposit record must be kept for each deposit to the general trust account and must be kept in a deposit book or be otherwise securely filed in the order in which the deposits were made. - (a) the date of the deposit; - (b) the amount of the deposit; - (c) whether the deposit consists of cheques, notes or coins, and the amount of each; - (d) for each cheque— (i) the name of the drawer of the cheque; and (ii) the name and branch, or BSB number, of the ADI on which the cheque is drawn; and (iii) the amount of the cheque. - (i) the name of the drawer of the cheque; and - (ii) the name and branch, or BSB number, of the ADI on which the cheque is drawn; and - (iii) the amount of the cheque. - (i) the name of the drawer of the cheque; and - (ii) the name and branch, or BSB number, of the ADI on which the cheque is drawn; and - (iii) the amount of the cheque.