NSWIn ForceAct
Legal Profession Uniform Law (NSW)
142Trust money subject to a written direction
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142 Trust money subject to a written direction
142 Trust money subject to a written direction
(1) A law practice that receives a written direction to deal with trust money (other than cash) in a particular way must comply with that direction within the period specified in the direction, or otherwise, as soon as practicable after it is received.
Civil penalty: 50 penalty units.
(2) The law practice must keep the written direction for 7 years after the matter has been finalised.
Civil penalty: 50 penalty units.