Australian Capital Territory Numbered Regulations Australian Capital Territory Numbered Regulations(1) This section has effect for the Act, section 226 (Trust money subject to specific powers).
(2) If a law practice or an associate of the practice is given a power to deal with trust money for or on behalf of another person, the practice must keep—
(a) a record of all dealings with the money to which the practice or associate is a party; and
(b) all supporting information in relation to the dealings;
in a way that enables the dealings to be clearly understood.
(3) The record, supporting information and power must be kept by the law practice as part of the practice's trust records.