New South Wales Consolidated Acts

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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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