South Australian Repealed Regulations

This legislation has been repealed.

LEGAL PRACTITIONERS REGULATIONS 1994 - REG 17A

17A—Trust account statements

        (1)         Pursuant to section 31(7a) of the Act, a practitioner who receives trust money in the course of acting in a matter must provide the person who instructed him or her in the matter with a trust account statement within a reasonable time of—

            (a)         a request by the person who instructed him or her in the matter; or

            (b)         an appropriation of trust money in or towards satisfaction of legal costs payable by the person who instructed him or her in the matter; or

            (c)         the conclusion of the practitioner's involvement in the matter.

        (1a)         For the purposes of subregulation (1)(b), disbursements to meet court or government fees or charges are not to be treated as legal costs.

        (2)         A trust account statement prepared in relation to a matter under this regulation must contain all of the information required to be included in the trust ledger accounts relating to that matter and must include sufficient detail that each receipt, disbursement or transfer of trust money may be clearly understood. ¹

Note—

1         A trust account statement may consist of a copy of the relevant trust ledger accounts provided it satisfies the requirements of this subregulation.