Western Australian Numbered Acts Western Australian Numbered Acts (1) A law practice
must at least once in each financial year have its trust records externally
examined by an external examiner appointed in accordance with the regulations.
Penalty: a fine of $10 000.
(2) The Board may
appoint an external examiner to examine a law practice’s trust records
if the Board is not satisfied —
(a) that
the practice has had its trust records externally examined as required by this
section; or
(b) that
an external examination of the practice’s trust records has been carried
out in accordance with the regulations.
(3) Without affecting
the generality of section 250, this section has effect subject to any
exemptions provided by or given under the regulations from the requirement to
have trust records examined as otherwise required by this section.