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Home/Legislation/Legal Profession Uniform Law (NSW)/148

NSWIn ForceAct

Legal Profession Uniform Law (NSW)

148Deficiency in trust account

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148 Deficiency in trust account

A law practice, an Australian legal practitioner or any other person must not, without reasonable excuse, cause—

(a) a deficiency in any trust account or trust ledger account; or

(b) a failure to pay or deliver any trust money.

Penalty: 500 penalty units or imprisonment for 5 years, or both.

Previous section147Keeping trust records

Next section149Authorised deposit-taking institutions

Section 148 - Legal Profession Uniform Law (NSW) - Deficiency in trust account | Zoe