Western Australian Consolidated Acts Western Australian Consolidated Acts (1) This section
applies if a law practice —
(a)
ceases to be authorised to receive trust money; or
(b)
ceases to engage in legal practice in this jurisdiction.
(2) The law practice
must appoint an external examiner to examine the practice’s trust
records —
(a) in
respect of the period since an external examination was last conducted; and
(b) in
respect of each period thereafter, comprising a completed period of
12 months or any remaining partly completed period, during which the
practice continued to hold trust money.
Penalty: a fine of $10 000.
(3) The law practice
must lodge with the Board —
(a) a
report of each examination under subsection (2) within 60 days after
the end of the period to which the examination relates; and
(b) a
statutory declaration in the prescribed form within 60 days of ceasing to
hold trust money.
Penalty: a fine of $10 000.
(4) If any Australian
legal practitioner dies, the practitioner’s legal personal
representative must comply with this section as if the representative were the
practitioner.
(5) Nothing in this
section affects any other requirements under this Part.