Lawyers and Conveyancers Act (Trust Account) Regulations 2008

Part 1 Duties relating to trust accounts of practices

Duties of practices in regard to trust accounts and clients’ money

4 Duties of practices to give notice under section 112(2) of Act

(1)

Every practice that relies on section 112(2) of the Act must certify in writing to the relevant society, not later than 31 March in each year, that it—

(a)

has not done any of the things specified in section 112(2)(b) of the Act during the preceding 12 months; and

(b)

does not intend to do any of those things during the following 12 months.

(2)

Any practice that has certified in writing as required by subclause (1) and that, within the 12-month period referred to in subclause (1)(b), is no longer entitled to rely on section 112(2) of the Act, must immediately notify the relevant society accordingly.