NSWIn ForceAct
Legal Profession Uniform Law (NSW)
141Trust money subject to specific powers
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141 Trust money subject to specific powers
141 Trust money subject to specific powers
(1) A law practice must ensure that trust money (other than cash) that is the subject of a power is dealt with only in accordance with that power.
Civil penalty: 50 penalty units.
(2) The law practice must account for the money in the way specified in the Uniform Rules for the purposes of this Division.
Civil penalty: 50 penalty units.