Western Australian Numbered Acts

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LEGAL PROFESSION ACT 2008 (NO. 21 OF 2008) - SECT 220

220 .         Transit money

        (1)         Subject to section 222, a law practice that has received transit money must pay or deliver the money as required by the instructions relating to the money —

            (a)         within the period (if any) specified in the instructions; or

            (b)         subject to paragraph (a), as soon as practicable after it is received.

        Penalty: a fine of $10 000.

        (2)         The law practice must account for the money as required by the regulations.

        Penalty: a fine of $5 000.



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