Trust Accounts

If you or your practice (in any form) receives trust money that is required to be deposited in a trust account, you must establish and maintain a general trust account in this jurisdiction with an approved authorised deposit-taking institution (ADI). 

The Trust Account Management Online Resource is the central information point for all matters relating to trust accounting.  The content has been developed to assist practitioners apply the relevant legislation in daily practice, with relevant narrative and best practice, but the content does not replace the legislation or common law.  As not all practice scenarios can be covered, practitioners are advised to contact Ethics and Practice for further assistance when required. 

Click here to access Trust Accounting Management Online Resources

South Australian Law Firms and their staff are automatically provided free access to this resource. If you do not have access, it can be purchased here .

Please contact Ethics & Practice on 8229 0229 or send an email to ethicsandpractice@lawsocietysa.asn.au  with any queries.