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LEGAL PROFESSION UNIFORM LAW (NSW) - SECT 143
Trust money received in the form of cash
143 Trust money received in the form of cash
(1) A law practice must deposit all trust money received in the form of cash
(other than controlled money) in the law practice's general trust account as
soon as practicable after receiving the money, even if it has a written
direction to deal with it in some other way. Once deposited, the money may be
dealt with in accordance with the written direction. Civil penalty: 50 penalty
units.
(2) A law practice must deposit controlled money received in the form
of cash in a controlled money account and deal with it in accordance with the
Uniform Rules. Civil penalty: 50 penalty units.
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