23Copies of trust records to be printed

23 Copies of trust records to be printed

(1)  The law practice must print a paper copy of trust records as follows:

(a) trust account receipts and payments cash books are to be printed monthly as at the end of each named month, unless a copy of the books as at the end of the named month is kept in electronic form that is readable or reportable on demand;

(b) reconciliation statements under regulation 38 (Reconciliation of trust records) are to be printed as at the end of each named month;

(c) lists of trust ledger accounts and their balances are to be printed monthly as at the end of each named month;

(d) lists of controlled money accounts and their balances are to be printed monthly as at the end of each named month;

(e) trust ledger accounts, the register of controlled money and the trust account transfer journal are to be printed before they are archived or deleted from the system;

(f) trust ledger account and controlled money account details are to be printed on request by and provided to an investigator as defined in section 569 of the Act.

(2)  The trust records printed monthly as at the end of a named month under subregulation (1)(a) , (b) , (c) and (d) must be printed within 15 working days after the end of the named month.

(3)  The paper copies printed under subregulation (1) are to be kept by the law practice, except where they are printed on request under that subregulation.

(4)  The electronic copy of the trust account cash books under subregulation (1)(a) is to be kept by the law practice.