Australian Capital Territory Numbered Regulations Australian Capital Territory Numbered Regulations(1) This section applies if a law practice receives trust money that is required to be paid into a general trust account and the money is not paid into a general trust account by direct deposit.
(2) A deposit record must be produced to the approved ADI at the time the deposit is made.
(3) The following particulars must be recorded on the deposit record:
(a) the date of the deposit;
(b) the amount of the deposit;
(c) whether the deposit consists of cheques, notes or coins (and the amount of each);
(d) for each cheque:
(i) the name of the drawer of the cheque;
(ii) the name and branch (or BSB number) of the ADI on which the cheque is drawn;
(iii) the amount of the cheque.
(4) The deposit record must be made out in duplicate, whether by way of making a carbon copy or otherwise.
(5) The duplicate deposit record must be kept for each deposit to the general trust account and must be kept in a deposit book or be otherwise securely filed in the order in which the deposits were made.