Trust account information sheets
The information in the table below is under continual review.
If you are unable to locate an information sheet for your area of interest, please contact the Manager Regulatory Services via email mrs@lawsocietynt.asn.au.
ANNUAL REPORTING OBLIGATIONS 1 APRIL TO 31 MARCH
SHEET: Information Sheet s253
AREA OF INTEREST: Intermixing money – Disbursements
DESCRIPTION: Treatment of legal aid payments, treatment of entrusted funds, disbursements and entrusted funds.
SHEET: Information Sheet s278
AREA OF INTEREST: Establishing a trust account
DESCRIPTION: A list of banks approved by the Society, the required naming convention of each type of trust account and when the practice is to provide notification to the Society.
SHEET: Information Sheet r36-54
AREA OF INTEREST: Examined and compliant trust account software
DESCRIPTION: Assists the practice to identify ‘examined and compliant’ software; provides definitions of computerised and manual systems. Version 2 updated April 2011.
SHEET: Information Sheet s263
AREA OF INTEREST: Investigations
DESCRIPTION: The regulatory function of the Society in relation to trust accounts; the investigation reporting process; expected professional conduct during the investigation; entitlements afforded to the Investigator, and the recording of breaches.
SHEET: Trust account workbook
AREA OF INTEREST: Trust account workbook
DESCRIPTION: This comprehensive workbook interprets the LPA Legislation and Regulations into an everyday practical guide for both the practitioner and key accounting staff.
AREA OF INTEREST: External Examiners
DESCRIPTION:This document was developed during transition to the current Regulations and Act and is due for revision in 2011. Please refer to individual information sheets for more updated information or contact the Trust Account Supervisor for advice. This document may take some time to download.
SHEET: External Examiners Information Sheet
AREA OF INTEREST: External Examiners
DESCRIPTION:External Examiners Information Sheet once in each financial year law practices must have their financial records examined by an external examiner.
- Last Modified: September 30, 2024
- 4:31 pm