Queensland Consolidated Regulations

LEGAL PROFESSION REGULATION 2017 - REG 29

29 Keeping and printing trust records

(1) The law practice must maintain and keep, in printed form or in readable and printable form, the following copies of trust records—

(a) a copy of trust account receipts and payments cash books as at the end of each named month;

(b) a copy of reconciliation statements prepared under section 44 as at the end of each named month;

(c) a copy of lists of trust ledger accounts and their balances as at the end of each named month;

(d) a copy of lists of controlled money accounts and their balances as at the end of each named month.

(2) The law practice must—

(a) print a paper copy of trust ledger accounts, the controlled money movement records and the trust transfer journal before they are archived or deleted from the system; and

(b) on request by an investigator, provide to the investigator a printed copy of trust ledger accounts and controlled money account details.

(3) The copies of trust records, as at the end of a named month under subsection (1) (a) to (d) , must be prepared within 15 working days after the end of the named month.

(4) The paper copies printed under subsection (2) must be kept by the law practice, unless they have been provided on request under that subsection.