NSWIn ForceAct
Legal Profession Uniform Law (NSW)
150Authority to receive trust money
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150 Authority to receive trust money
150 Authority to receive trust money
A law practice must not receive trust money unless—
(a) a principal of the law practice holds an Australian practising certificate authorising the receipt of trust money; or
(b) the law practice is otherwise authorised to receive trust money under the Uniform Rules.
Civil penalty: 250 penalty units.