Australian Capital Territory Numbered Regulations

LEGAL PROFESSION REGULATION 2007 (NO 27 OF 2007) - REG 51

    (1)     A controlled money account must be kept under an account name that includes the following particulars:

        (a)     the name of the law practice concerned;

        (b)     the expression “controlled money account” or the abbreviation “CMA” or “CMA/c”;

        (c)     other particulars sufficient to identify the purpose of the account and to distinguish the account from any other account kept by the law practice.

    (2)     This section does not apply to an account established in the ACT before the commencement of this section.