Queensland Consolidated Regulations

LEGAL PROFESSION REGULATION 2017 - REG 55

55 Register of investments

(1) The law practice must keep a register of the investment of investment money.

(2) The register must record the following information for each investment of investment money—

(a) the name in which the investment is held;

(b) the name of the person on whose behalf the investment is made;

(c) the person’s address;

(d) particulars sufficient to identify the investment;

(e) the amount invested;

(f) the date the investment was made;

(g) particulars sufficient to identify the source of the investment;

(h) details of any documents evidencing the investment;

(i) details of any interest received from the investment or credited directly to the investment;

(j) details of the repayment of the investment and any interest, on maturity or otherwise.

(3) This section does not require particulars to be recorded in the register if the particulars are required by this regulation to be recorded elsewhere.

(4) This section does not confer power to invest trust money.

(5) In this section—

"investment money" means money that is trust money under section 238 (3) of the Act .