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LEGAL PROFESSION UNIFORM LAW (NSW) - SECT 329
Appointment of supervisor of trust money
329 Appointment of supervisor of trust money
(1) This section applies if the designated local regulatory authority
determines to appoint a supervisor of trust money of a law practice.
(2) The
designated local regulatory authority may, by instrument in writing, appoint a
person as supervisor of trust money.
(3) The appointee must be either-- (a)
an Australian legal practitioner who holds an Australian practising
certificate as a principal authorising the receipt of trust money; or
(b) a
person holding accounting qualifications with experience in law practices'
trust accounts--
and may (but need not) be a member of the staff of the
designated local regulatory authority.
(4) Notice of the appointment must be
given in accordance with the Uniform Rules.
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