Australian Capital Territory Repealed Acts Australian Capital Territory Repealed ActsThis legislation has been repealed.
(1) A solicitor must pay all trust money received by the solicitor into—
(a) the general trust bank account maintained by the solicitor; or
(b) if the solicitor maintains 2 or more general trust bank accounts—1 of the accounts.
(2) Trust money must be paid into the account as soon as practicable after the solicitor receives it and, in any case, not later than 5 banking days after the day the solicitor receives it.
(3) However, if trust money is paid by direct deposit or electronic transfer into an account operated by the solicitor in relation to his or her practice, the solicitor must pay the money into the account on the next banking day after the day the solicitor becomes aware of the payment.
(4) This section does not apply to trust money to which section 92 applies.