Dec 2, 2021 –
A collection of resources and information regarding Trust Accounts.
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Dec 2, 2021 –
The purpose of this Fact Sheet is to provide an over-view of the legal obligations that exist
with respect to the subject trust accounting scenario and options for resolving issues that may
arise.
It is not an exhaustive statement of all the relev
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Dec 2, 2021 –
The purpose of this Fact Sheet is to provide an over-view of the legal obligations that exist with respect to
the subject trust accounting scenario and options for resolving issues that may arise. It is not an exhaustive
statement of all the releva
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Mar 25, 2016 –
I want to deal briefly in this article with trust accounts. I'm not going to look in any detail at the new rules that are in Schedule 2 of the Legal Practitioners Act - that is something that is more properly the role and responsibility of the Law So
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May 25, 2016 –
In my previous article in the March Bulletin, I commented on the circumstances in which a practitioner/firm needs to have a trust account. I noted that it could well be that a client makes a payment to you on account of legal fees, but in circumstanc
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Mar 25, 2013 –
There has been another wave of attempts to elicit funds from trust accounts operated by legal practitioners. These attempts are nothing new to the Society and are on the increase.
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Dec 2, 2021 –
Regulations 24 and 25 require that when signing a trust cheque, or authorising a payment from trust by EFT, the practitioner or authorised associate is required to see a written
direction by the person on whose behalf the trust money is held, or a c
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Jul 25, 2014 –
The provision contained in the Legal Practitioners (Miscellaneous) Amendment Act 1981 and the Legal Practitioners Regulations 2014 dame into force on 1 July 2014. Those provisions include new requirements for withdrawing money from trust on account o
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Jul 25, 2013 –
As a part of the trust account inspection process, legal practitioners are asked to provide Professional Standards with a copy of their solicitor/client agreement.
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Apr 25, 2014 –
It is anticipated that the Legal Practitioners (Miscellaneous) Amendment Act 2013 will be proclaimed on July 1, 2014. This Act will result in sweeping changes to the requirements relating to incorporation of legal practices, cost disclosure and disci
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Oct 16, 2012 –
In an Audit Report for the period ended June 2011, the auditor notes that a practitioner had failed to make a required deposit to the Combined Trust Account (CTA) for the CTA period ended May 2011 and that no Notice of Withholding was provided to the
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Jun 30, 2022 –
A list of common Law Society forms, including membership, practising certificate, PSS, trust account and other ethics and practice related issues.
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Dec 2, 2021 –
The purpose of this Fact Sheet is to provide an over-view of the legal obligations that exist with respect
to the areas of trust accounting highlighted in the fact sheet and also to provide options for resolving
issues that may arise. It is not an
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Dec 2, 2021 –
Payments made by Return to Work SA and its agents inclusive of costs due to the law practice may be incorrectly paid by EFT into the trust account for sole or multiple clients, despite proper payment directions being provided by the law practice.
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Dec 2, 2021 –
The purpose of this Fact Sheet is to provide an over-view of the legal obligations that exist
with respect to the subject trust accounting scenario and options for resolving issues that may arise.
It is not an exhaustive statement of all the releva
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Dec 2, 2021 –
Panel practitioners who undertake legal aid assignments will receive all payments from the Legal Services Commission (LSC) by Electronic Funds Transfer (EFT). Cheque payments are
not an option.
Panel Practitioners will need to contact the LSC to es
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Dec 2, 2021 –
The State Courts are following the trend set by the Family Court and are moving to accepting fee payments by credit or debit card only.
It is expected that the credit/debit card payment only requirement will be introduced for Probate Registry matter
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Dec 2, 2021 –
This applies to all persons who wish to be granted designated person status from 1 July 2015 including all current designated persons.
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Aug 7, 2014 –
A legal practitioner's name was recently struck from the Roll of Practitioners from the Supreme Court. The practitioner had failed to comply with a court order with respect to the payment of settlement funds from his trust account.
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Oct 16, 2016 –
In the last 10 years, cheque use has dropped by a compelling 71% with Australian businesses and consumers choosing electronic payment methods over cash and cheques. As Australia rapidly embraces electronic payment platforms it is only natural to expe
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May 6, 2015 –
Solicitors cannot follow their instructions blindly in all cases, especially where the rights of the beneficiaries of a trust may be affected.
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Jul 14, 2012 –
However good you think your memory is, there are still risks if you rely on memory alone. A practitioner’s
memory can be supported by contemporaneous notes which can invariably be of assistance in dealing with any
professional negligence claim made
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Jun 1, 2017 –
Further to the Technology theme of the April 2017 Bulletin, the importance of client information and computer file security is underlined by a recent story from the UK where a lawyer was fined for a failure to keep client’s sensitive personal informa
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Jul 1, 2018 –
According to recent research, a large percentage of Australian property lawyers are not aware of the scale of the risk of fraud in property transactions. This is worrying as there has been a huge amount of publicity surrounding those matters for some
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Dec 15, 2021 –
Many legal practitioners receive invitations from other professionals, such as accountants, financial advisers, and mortgage brokers, to enter into referral arrangements with them. It is important that legal practitioners considering entering into su
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