Queensland Consolidated Regulations

LEGAL PROFESSION REGULATION 2017 - REG 63

63 Law practice closing down, closing office or ceasing to receive or hold trust money

(1) A law practice that holds trust money must give the law society at least 14 days written notice of its intention—

(a) to cease to exist as a law practice; or

(b) to cease to engage in legal practice in this jurisdiction; or

(c) to cease to practise in a way that involves it receiving trust money.

(2) A law practice must, within 14 days of ceasing to hold trust money, give the law society—

(a) written notice of that fact; and

(b) if the practice has not given a notice under subsection (1) within the previous 28 days, a notice that complies with that subsection.

(3) A notice under this section must include particulars sufficient to identify—

(a) a law practice’s general trust accounts and controlled money accounts; and

(b) trust money controlled by the practice, or by an associate, under a power; and

(c) trust money invested by the practice.

(4) In this section—

"law practice" includes a former law practice and the persons who were principals of a law practice immediately before the law practice ceased to exist as a law practice or to engage in legal practice in this jurisdiction.