36Receipting of trust money

#### 36 Receipting of trust money 36 Receipting of trust money > > (1) A law practice must make out a receipt as soon as practicable— > > > > > (a) after trust money is received, or > > > > > (b) in the case of trust money received by direct deposit, after the law practice receives or accesses notice or confirmation of the deposit from the ADI concerned. > > > (2) The receipt must contain the following particulars— > > > > > (a) the date the receipt is made out and, if different, the date of receipt of the money, > > > > > (b) the number of the receipt, > > > > > (c) the amount of money received, > > > > > (d) the form in which the money was received, > > > > > (e) the name of the person from whom the money was received, > > > > > (f) details clearly identifying the name of the client in respect of whom the money was received and the matter description and matter reference, > > > > > (g) particulars sufficient to identify the reason for which the money was received, > > > > > (h) the name of the law practice or the business name under which the law practice engages in legal practice and the expression “trust account” or “trust a/c”, > > > > > (i) the name of the person who made out the receipt. > > > (3) The receipt must be made out in duplicate unless, when the receipt is made out the particulars referred to in subrule (2) are recorded by a computerised accounting system in the trust account receipts cash book. > > > (4) The receipt must be given, on request, to the person from whom the trust money was received. > > > (5) Receipts must be consecutively numbered and issued in consecutive sequence. > > > (6) If a receipt is cancelled, the original receipt must be kept. > > > (7) This rule does not apply to controlled money. > > **rule 36:** Am 2016 (571), cl 4.