NSWIn ForceAct
Legal Profession Uniform Law (NSW)
136General trust account for each jurisdiction
Start here
Get a plain-English read of 136
Turn the raw legal text into a practical explanation grounded in Legal Profession Uniform Law (NSW).
136 General trust account for each jurisdiction
136 General trust account for each jurisdiction
(1) A law practice that receives trust money to which this Part applies (other than controlled money or transit money received in a form other than cash) must maintain a general trust account in this jurisdiction.
Civil penalty: 50 penalty units.
(2) A law practice may maintain one or more general trust accounts in this jurisdiction.