Legal Profession Uniform Law - Legal Profession Uniform General Amendment (Trust Account Statements) Rule 2016 (NSW)

Legal Profession Uniform General

Amendment (Trust Account Statements)

Rule 2016

under the

Legal Profession Uniform Law

The Legal Services Council has made the following Rule under the Legal Profession

Uniform Law.

Published LW 26 February 2016 (2016 No 100)

Legal Profession Uniform General Amendment (Trust

Account Statements) Rule 2016

under the

Legal Profession Uniform Law

1 Name of Rule

This Rule is the Legal Profession Uniform General Amendment (Trust Account
Statements) Rule 2016.

2                 Commencement

This Rule commences on the day on which it is published on the NSW legislation website.

3                 Authorising provision

This Rule is made by the Legal Services Council under Part 9.2 of the Uniform
Law.

4 Amendment of Legal Profession Uniform General Rules 2015

Rule 52 Trust account statements

Omit rule 52 (5). Insert instead:

 (5)  The law practice is not required to give a trust account statement under subrule (4) (c) in respect of a ledger account or record if at 30 June the balance of the ledger account or record is zero and:

(a)	no transaction affecting the ledger account or record has taken place within the previous 12 months, or
(b)	a trust account statement has been furnished within the previous 12 months and no transaction affecting the ledger account or record has

taken place since the last statement was furnished.

Published LW 26 February 2016 (2016 No 100)