88Interstate legal practitioner becoming authorised to withdraw

88 Interstate legal practitioner becoming authorised to withdraw from local trust account: notification (1) This regulation has effect for section 434 of the Act and applies to an interstate legal practitioner who (whether alone or with a co-signatory) becomes authorised to withdraw money from a local trust account of a law practice. (2) The practitioner must notify the Law Society of the authorisation. (3) The notification must include the following particulars: (a) the practitioner's name; (b) the jurisdiction in which the practitioner's only or most recent current Australian practising certificate was granted; (c) the practitioner's principal business address; (d) details of the local trust account, including the following: (i) the name of the law practice operating the account; (ii) the practice's principal business address; (iii) the name of the ADI with which the account is held; (iv) the names of any other signatories to the account; (e) the date on which the practitioner became authorised to withdraw money from the trust account. (4) The practitioner must notify the Society of any change to the particulars mentioned in subregulation (3). (5) A notification under this regulation must be in writing and must be sent or delivered to the business address of the Society before the end of the period of 7 days starting on the day the practitioner becomes authorised to withdraw money from the local trust account or the change occurs.