This legislation has been repealed.
(1) A law practice must keep in permanent form trust records in relation to trust money received by the practice.Maximum penalty: 100 penalty units.
(2) The law practice must keep the trust records:(a) in accordance with the regulations, and(b) in a way that at all times discloses the true position in relation to trust money received for or on behalf of any person, and(c) in a way that enables the trust records to be conveniently and properly investigated or externally examined, and(d) for a period determined in accordance with the regulations.Maximum penalty: 100 penalty units.