(1) This Part applies
to the following law practices in respect of trust money received by them in
this jurisdiction —
(a) a
law practice that has an office in this jurisdiction, whether or not the
practice has an office in another jurisdiction;
(b) a
law practice that does not have an office in any jurisdiction at all.
(2) This Part applies
to the following law practices in respect of trust money received by them in
another jurisdiction —
(a) a
law practice that has an office in this jurisdiction and in no other
jurisdiction;
(b) a
law practice that has an office in this jurisdiction and in one or more other
jurisdictions but not in the jurisdiction in which the trust money was
received, unless the money is dealt with in accordance with the corresponding
law of another jurisdiction.
(3) However, this Part
does not apply to —
(a)
prescribed law practices or classes of law practices; or
(b)
prescribed law practices or classes of law practices in prescribed
circumstances; or
(c)
prescribed kinds of trust money; or
(d)
prescribed kinds of trust money in prescribed circumstances.
(4) A reference in
this section to having an office in a jurisdiction is a reference to having,
or engaging in legal practice from, an office or business address in the
jurisdiction.