New South Wales Consolidated Acts

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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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