New South Wales Consolidated Acts

LEGAL PROFESSION UNIFORM LAW (NSW) - SECT 344

344 Records and accounts of law practice under receivership and dealings with trust money

(1) The receiver for a law practice must maintain the records and accounts of the practice that he or she manages--

(a) separately from the management of the affairs of the law practice before his or her appointment as receiver; and

(b) separately from the affairs of any other law practice that the receiver is managing or for which the receiver is appointed as external intervener; and

(c) in the manner specified in the Uniform Rules for the purposes of this section.

(2) Subject to subsection (1), the receiver for a law practice must deal with trust money of the practice in the same way as a law practice must deal with trust money.