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Legal Profession Uniform Law Application Regulation 2025
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16 Definitions
16 Definitions
In this division—
trust money means money held on account of legal costs for legal services that a barrister has not yet provided.
trust money account means an account maintained with an ADI—
(a) for the sole purpose of holding trust money, and
(b) that does not have, and is not linked to, a credit or mortgage facility, including any of the following—
(i) a line of credit,
(ii) an overdraft facility,
(iii) a mortgage offset facility.