Queensland Consolidated Acts

LEGAL PROFESSION ACT 2007 - SECT 503

503 Records of law practice under supervision

(1) The supervisor of trust money of a law practice must keep records of the supervisor’s dealings with the trust money—

(a) separately from records relating to dealings with trust money before the supervisor’s appointment; and

(b) separately from the affairs of another law practice in relation to which the supervisor is also a supervisor of trust money; and

(c) in the way prescribed under a regulation.

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