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LEGAL PROFESSION UNIFORM LAW (NSW) - SECT 141
Trust money subject to specific powers
141 Trust money subject to specific powers
(1) A law practice must ensure that trust money (other than cash) that is the
subject of a power is dealt with only in accordance with that power. Civil
penalty: 50 penalty units.
(2) The law practice must account for the money in
the way specified in the Uniform Rules for the purposes of this Division.
Civil penalty: 50 penalty units.
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