160Costs of external examination

160 Costs of external examination

160 Costs of external examination

(1) A law practice whose trust accounts have been externally examined must pay the costs of the external examination.

(2) If the designated local regulatory authority carried out, or appointed the external examiner to carry out, the external examination, the designated local regulatory authority may recover the amount (as determined by the designated local regulatory authority) of all or part of the costs of the examination as a debt payable to it by the law practice.

(3) The amount of the costs must be reasonable, and is subject to any appeal or review mechanism provided in applicable jurisdictional legislation.