Australian Capital Territory Numbered Regulations

LEGAL PROFESSION REGULATION 2007 (NO 27 OF 2007) - REG 80

    (1)     A law practice must give the licensing body the following details for each account that is kept at an ADI by the law practice in which the money entrusted to the law practice, or a legal practitioner associate of the law practice, is held:

        (a)     the name of the ADI and its BSB number;

        (b)     the name and number of the account;

        (c)     the name of each person who is authorised to operate on the account;

        (d)     for each amount of money entrusted to the practice or associate—

              (i)     the name of the person for whom the money is entrusted; and

              (ii)     the purposes for which the money is entrusted; and

              (iii)     the date on which, and the way in which, the money is deposited in the account; and

              (iv)     the date on which, and the way in which, the money is withdrawn from the account.

    (2)     The details must be given to the licensing body at the times and in the way the licensing body requires.