Australian Capital Territory Numbered Regulations

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LEGAL PROFESSION REGULATION 2007 (NO 27 OF 2007) - REG 70

Statutory interest account—Act, s 253 (2) (a) and (b)

    (1)     The law society must open and keep an account at an ADI in the ACT under the title of the ‘statutory interest account'.

    (2)     The law society must deposit in the account—

        (a)     the interest received from money deposited with the society by a law practice under this part; and

        (b)     any other money required by law to be deposited in the account.

    (3)     The law society must operate the account for the Act, section 253 (Statutory Deposits) and this division.


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