New South Wales Consolidated Regulations

LEGAL PROFESSION UNIFORM GENERAL RULES 2015 - REG 37

37 Deposit records for trust money

(1) If a law practice receives trust money that is required to be paid into a general trust account and the money is not paid into a general trust account by direct deposit, a deposit record must be produced to the ADI at the time the deposit is made.

(2) The following particulars must be recorded on the deposit record--

(a) the date of the deposit,

(b) the amount of the deposit,

(c) whether the deposit consists of cheques or cash (and the amount of each),

(d) for each cheque--

(i) the name of the drawer of the cheque, and

(ii) the name and branch (or BSB number) of the ADI on which the cheque is drawn, and

(iii) the amount of the cheque.

(3) The deposit record must be made out in duplicate.

(4) The duplicate deposit record must be kept for each deposit to the general trust account and must be kept in a deposit book or be otherwise securely filed in the order in which the deposits were made.