Queensland Numbered Acts Queensland Numbered Acts(1) A law practice must--
(a) hold trust money deposited in a general trust account of the practice exclusively for the person on whose behalf it is received; and
(b) disburse the trust money only under a direction given by the person.
Maximum penalty--50 penalty units.
(2) Subsection (1) applies subject to an order of a court of competent jurisdiction or as authorised by law.
(3) The law practice must account for the trust money in the way prescribed under a regulation.
Maximum penalty--50 penalty units.