Client money : trust account management for Australian lawyers / Katie Murray.

St. Leonards, N.S.W., LexisNexis Australia, 2026.

2nd edition

203383

Trusts and trustees -- Accounting.

Trusts and trustees -- Australia.

1. The lawyer as fiduciary and trustee

2. Client money, classification and accounts

3. Opening accounts

4. Recording

5. Receiving and depositing money

6. Paying money

7. Lawyers' accounts

8. Interest on lawyers' trust accounts

9. Reconciliations

10. Controlled money and investments

11. Transit and power money

12. Regulation, audit and supervision

13. Civil liability

14. Fidelity funds

15. Criminal responsibility

16. Professional discipline.

The extensively updated second edition of this valuable text provides detailed and comprehensive guidance on the law, professional standards and ethics that govern the role of lawyers in handling money held for clients, with a particular focus on lawyers' trust account management. It covers all Australian jurisdictions. As the security of trust money rests significantly on how lawyers account for trust account transactions, the accounting required by law is explained and examples are given to illustrate how accounts are to be kept. The more general legal responsibilities relating to handling of others' money are also covered, including those arising in contract and under fiduciary and trustees' duties. Statutory powers underpinning civil remedies such as the ordering of accounts and appointment of receivers are also discussed. The new edition has been widely updated to include recent developments such as: Updated the legislative references to recognise Western Australia's adoption of the Uniform Law; Added reference to the AML/CTF requirements that will apply to lawyers from July 2026; Extensive coverage of recent discipline decisions affecting lawyers; Changes resulting from the widespread adoption of electronic conveyancing and Australia's 2030 cheques transition plan. - Publisher's website.

Includes bibliographical references and index.

9780409362848

xlii, 172 pages ; 24 cm