TASIn ForceRegulation
Legal Profession Regulations 2018
58Requirement for external examinations
Start here
Get a plain-English read of 58
Turn the raw legal text into a practical explanation grounded in Legal Profession Regulations 2018.
58 Requirement for external examinations
(1) A law practice is to appoint a designated person referred to in section 265(1) of the Act as an external examiner.
(2) If the only trust money received or held by a law practice during a financial year is transit money, the practice's trust records in respect of that financial year are not required to be externally examined.