Queensland Numbered Acts Queensland Numbered Acts(1) An ADI at which a trust account is kept must, as soon as practicable after becoming aware that the account is overdrawn, report the fact to the law society.
Maximum penalty--50 penalty units.
(2) An ADI at which a trust account is kept must report a suspected offence in relation to the trust account to the law society as soon as practicable after forming the suspicion.
Maximum penalty--50 penalty units.
(3) An ADI must give to the law society reports about trust accounts as required under a regulation.
Maximum penalty--50 penalty units.
(4) An ADI at which a law practice's trust account is kept must, if asked by an investigator or external examiner and on production to the ADI of evidence of the appointment of the investigator or external examiner in relation to the law practice--
(a) produce for inspection or copying by the investigator or external examiner any records relating to the trust account or trust money deposited in the trust account; and
(b) provide the investigator or external examiner with full details of any transactions relating to the trust account or trust money.
Maximum penalty--50 penalty units.
(5) An ADI must produce the records and provide the details under subsection (4) without charge.
(6) Subsections (1) to (4) apply despite any duty of confidence to the contrary.
(7) An ADI or an officer or employee of an ADI is not liable to any action for any loss or damage suffered by another person as a result of--
(a) reporting a matter under subsection (1); or
(b) making or giving a report under subsection (2) or (3); or
(c) producing records or providing details under subsection (4).