New South Wales Consolidated Acts

LEGAL PROFESSION UNIFORM LAW (NSW) - SECT 136

136 General trust account for each jurisdiction

(1) A law practice that receives trust money to which this Part applies (other than controlled money or transit money received in a form other than cash) must maintain a general trust account in this jurisdiction.

Civil penalty: 50 penalty units.

(2) A law practice may maintain one or more general trust accounts in this jurisdiction.