Before using the calculator, the following documents are required:
- General trust account bank statements for the relevant period;
- Letter of credit or official documentation from your bank to show the amount held, withdrawn, deposited in the combined trust account during the relevant period; and
- Combined trust account ledger.
Please refer to the Legal Practitioners Combined Trust Account section of the Society’s Trust Accounting Management Online Resources (TAMOR), if your general trust account was opened during the calculation period, and to section 53(8) of the Legal Practitioners Act 1981 for additional information. Failure to do so may result in an incorrect calculation.
If you have more than one general trust account the calculation may need to be prepared differently. Contact Ethics and Practice on (08) 8229 0229 or via email to discuss your individual situation before commencing.
Disclaimer
The Law Society makes no representations as to the accuracy of the calculator if used incorrectly and is not responsible for any human errors or omissions. The calculator relies on input of accurate information and as such you are responsible for the accuracy and /or completeness of information submitted and the subsequent calculation results. The Law Society does not retain any submitted data and or subsequent calculation results. Users are solely responsible for recording/printing/saving their calculation results.
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