43Deposit records for trust money

43 Deposit records for trust money (1) This regulation 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. (2) A deposit record must be produced to the approved ADI when the deposit is made. (3) The following particulars must be recorded on the deposit record: (a) the date of the deposit; (b) the amount of the deposit;

Legal Profession Regulations 2007 25 (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. (4) The deposit record must be made out in duplicate, whether by way of making a carbon copy or otherwise. (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.