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LEGAL PROFESSION UNIFORM LAW (NSW) - SECT 130
Application of this Part to law practices and trust money
130 Application of this Part to law practices and trust money
(1) This Part applies to a law practice in respect of the following trust
money received by it-- (a) trust money received in this jurisdiction if the
law practice has an office in this jurisdiction or has offices in no
jurisdiction at all;
(b) trust money received in another jurisdiction if the
law practice has an office in this jurisdiction and in no other jurisdiction;
(c) trust money received in another jurisdiction if-- (i) the law practice has
offices in this jurisdiction and in one or more other jurisdictions but not in
the jurisdiction in which the money was received; and
(ii) the law practice
elects to have this Part apply to the money.
(2) This Part applies to a law
practice only in connection with legal services provided by the law practice.
(3) The Uniform Rules may provide that specified provisions of this Part-- (a)
do not apply; or
(b) apply with specified modifications--
to specified law
practices or classes of law practices or to specified trust money or specified
kinds of trust money, either generally or in specified circumstances or kinds
of circumstances.
(4) The designated local regulatory authority may exempt a
particular law practice from complying with any of the provisions of this
Part, subject to any conditions that the designated local regulatory authority
may impose.
(5) A reference in this section to having an office in a
jurisdiction is a reference to having, or engaging in legal practice from, an
office or business address in the jurisdiction.
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