Queensland Consolidated Acts

LEGAL PROFESSION ACT 2007 - SECT 258

258 Dealing with trust money—legal costs and unclaimed money

(1) A law practice may do any of the following in relation to trust money held in a general trust account or controlled money account of the practice for a person—

(a) exercise a lien, including a general retaining lien, for the amount of legal costs reasonably due and owing by the person to the practice;

(b) withdraw money for payment to the practice’s account for legal costs owing to the practice if the relevant procedures or requirements under this Act or prescribed under a regulation are complied with;

(c) after deducting any legal costs properly owing to the practice, deal with the balance as unclaimed money under section 713 .

(2) Subsection (1) applies despite any other provision of this part but has effect subject to part 3.4 .