Western Australian Numbered Acts

LEGAL PRACTICE ACT 2003 (NO. 64 OF 2003) - SECT 139

139 .         Banks not to be concerned as to the application of, or to have recourse against, trust moneys

        (1)         A bank with which a legal practitioner maintains a trust account is not obliged to inquire into the application of moneys deposited to the credit of that account and is in no way liable in respect of any misapplication of those moneys.

        (2)         Except as regards the operation of the account, a bank has no right of recourse against moneys standing to the credit of an account that is designated as, or is evident as being, a trust account.