Western Australian Numbered Acts Western Australian Numbered Acts (1) This section
applies if the Board determines to appoint a supervisor of trust money of a
law practice.
(2) The Board may, by
instrument in writing, appoint a person as a supervisor of trust money.
(3) The appointee must
be either —
(a) an
Australian legal practitioner who holds an unrestricted practising
certificate; or
(b) a
person holding accounting qualifications with experience in law
practices’ trust accounts,
and may (but need not)
be an employee of the Board.
(4) The instrument of
appointment must —
(a)
identify the practice and the supervisor of trust money; and
(b)
indicate that the external intervention is by way of appointment of a
supervisor of trust money; and
(c)
specify the term of appointment; and
(d)
specify any conditions imposed by the Board when the appointment is made; and
(e)
specify any fees payable by way of remuneration to the supervisor specifically
for carrying out the supervisor’s duties in relation to the external
intervention; and
(f)
provide for the legal costs and the expenses that may be incurred by the
supervisor in relation to the external intervention.
(5) The instrument of
appointment may specify any reporting requirements to be observed by the
supervisor.