329Appointment of supervisor of trust money

329 Appointment of supervisor of trust money

329 Appointment of supervisor of trust money

(1) This section applies if the designated local regulatory authority determines to appoint a supervisor of trust money of a law practice.

(2) The designated local regulatory authority may, by instrument in writing, appoint a person as supervisor of trust money.

(3) The appointee must be either—

(a) an Australian legal practitioner who holds an Australian practising certificate as a principal authorising the receipt of trust money; or

(b) a person holding accounting qualifications with experience in law practices’ trust accounts—

and may (but need not) be a member of the staff of the designated local regulatory authority.

(4) Notice of the appointment must be given in accordance with the Uniform Rules.