Lawyers and Conveyancers Act (Trust Account) Regulations 2008 (SR 2008/183) (as at 07 July 2010)

Regulation by clause

25 Functions of inspectorates
  • The functions of the inspectorates are as follows:

    • (a) to review, under the general direction of the relevant society, the trust accounts of practices:

    • (b) to ensure that practices comply with the requirements of sections 110 to 114 inclusive of the Act and Parts 1 to 4 of these regulations:

    • (c) to conduct investigations of the affairs of practices and practitioners under Part 7 of these regulations:

    • (d) to administer the financial assurance schemes for the protection of money entrusted to practices under Part 8 of these regulations:

    • (e) to assist in the education of practitioners and incorporated firms and their staff in the matters to which these regulations and any rules relate.