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LEGAL PROFESSION UNIFORM LAW (NSW) - SECT 134
Provisions relating to certain money
134 Provisions relating to certain money
(1) If a law practice receives or holds money that is non-trust money (other
than money for the payment of legal costs due to the law practice), it must
give the person who provided the money written notice that-- (a) the money
will not be treated as trust money; and
(b) the money is not subject to the
provisions relating to trust money in this Law or the Uniform Rules; and
(c)
a claim against the fidelity fund of this jurisdiction cannot be made in
respect of the money.
Civil penalty: 100 penalty units.
(2) For the purposes
of subsection (1),
"non-trust money" is money that is not trust money for the purposes of this
Law because of section 129(2)(c), (d), (e) or (f).
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