(1) A law practice must make out a receipt as soon as practicable--(a) after trust money is received, or(b) in the case of trust money received by direct deposit, after the law practice receives or accesses notice or confirmation of the deposit from the ADI concerned.
(2) The receipt must contain the following particulars--(a) the date the receipt is made out and, if different, the date of receipt of the money,(b) the number of the receipt,(c) the amount of money received,(d) the form in which the money was received,(e) the name of the person from whom the money was received,(f) details clearly identifying the name of the client in respect of whom the money was received and the matter description and matter reference,(g) particulars sufficient to identify the reason for which the money was received,(h) the name of the law practice or the business name under which the law practice engages in legal practice and the expression "trust account" or "trust a/c",(i) the name of the person who made out the receipt.
(3) The receipt must be made out in duplicate unless, when the receipt is made out the particulars referred to in subrule (2) are recorded by a computerised accounting system in the trust account receipts cash book.
(4) The receipt must be given, on request, to the person from whom the trust money was received.
(5) Receipts must be consecutively numbered and issued in consecutive sequence.
(6) If a receipt is cancelled, the original receipt must be kept.
(7) This rule does not apply to controlled money.