Australian Capital Territory Numbered Regulations

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LEGAL PROFESSION REGULATION 2007 (NO 27 OF 2007) - REG 61

Register of powers and estates in relation to trust money

    (1)     A law practice must keep a register of powers and estates in relation to which the law practice or an associate of the practice is acting or entitled to act, alone or jointly with the law practice or 1 or more associates of the practice, in relation to trust money.

    (2)     Subsection (1) does not apply if the law practice or associate is also required to act jointly with 1 or more people who are not associates of the practice.

    (3)     The register of powers and estates must record—

        (a)     the name and address of the donor and date of each power; and

        (b)     the name and date of death of the deceased in relation to each estate of which the law practice of the associate is executor or administrator.



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