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JUSTICE LEGISLATION (FURTHER AMENDMENT) ACT 2006 (NO 79 OF 2006) - SECT 36

Trust money and trust accounts

    (1)     In section 3.3.52(2) of the Legal Profession Act 2004 , for "law firm" substitute "law practice".

    (2)     After section 3.3.52(5) of the Legal Profession Act 2004 insert

    "(6)     This section does not apply to a law practice in respect of an audit year in which the only trust money received by the law practice is transit money.".

    (3)     In section 3.3.54(1) of the Legal Profession Act 2004

        (a)     omit "that is required to maintain a trust account";

        (b)     after "31 October" insert "if the law practice is required under section 3.3.52 to have those records examined".



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