45Manner of withdrawal of trust money

45 Manner of withdrawal of trust money (1) A law practice must not withdraw trust money from a general trust account otherwise than by cheque or electronic funds transfer. (2) Without limiting subregulation (1), the following are specifically prohibited: (a) cash withdrawals; (b) ATM withdrawals or transfers; (c) telephone banking withdrawals or transfers. (3) If a law practice that is an Australian legal practitioner who is a sole practitioner, or an incorporated legal practice, contravenes subregulation (1), the practitioner or practice is guilty of an offence.

Legal Profession Regulations 2007 26 (4) If a law practice that is a law firm or multi-disciplinary partnership contravenes subregulation (1), each principal of the practice is guilty of an offence. (5) An offence against subregulation (3) or (4) is an offence of strict liability. (6) This regulation has effect despite anything to the contrary in any directions given to the law practice concerned, even if the directions are given by a person who is otherwise legally entitled to give the law practice directions in respect of dealings with controlled money.