Northern Territory Consolidated Acts

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LEGAL PROFESSION ACT 2006 - SECT 577

Records of and dealing with trust money of law practice under supervision

    (1)     A supervisor of trust money of a law practice must maintain the records of the supervisor's dealings with the trust money:

        (a)     separately from records relating to dealings with trust money before his or her appointment as supervisor; and

        (b)     separately from the affairs of any other law practice for which he or she is supervisor; and

        (c)     in the manner prescribed by the regulations.

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



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