(1) The following
actions, if taken by a legal practitioner associate of a law practice on
behalf of the practice in relation to trust money received by the practice,
discharge the corresponding obligations of the practice in relation to the
money —
(a) the
establishment of a trust account;
(b) the
maintenance of a trust account;
(c) the
payment of trust money into and out of a trust account and other dealings with
trust money;
(d) the
maintenance of trust records;
(e)
engaging an external examiner to examine trust records;
(f) an
action of a kind prescribed by the regulations.
(2) If the legal
practitioner associate maintains a trust account in relation to trust money
received by the law practice, the provisions of this Part and the regulations
made for the purposes of this Part apply to the associate in the same way as
they apply to a law practice.
(3)
Subsection (1) does not apply to the extent that the associate is
prevented by the regulations from taking any action referred to in that
subsection.