Client money : trust account management for Australian lawyers / Reid Mortensen.

Chatswood, N.S.W. : LexisNexis Butterworths, 2017.

1st edition

87475

Trusts and trustees -- Accounting.

Trusts and trustees -- Australia.

Ch 1. The lawyer as fiduciary and trustee

Ch 2. Client money, classification and accounts

Ch 3. Opening accounts

Ch 4. Recording

Ch 5. Receiving and depositing money

Ch 6. Paying money

Ch 7. Lawyers' accounts

Ch 8. Interest on lawyers' trust accounts

Ch 9. Reconciliations

Ch 10. Controlled money and investments

Ch 11. Transit and power money

Ch 12. Regulation, audit and supervision

Ch 13. Civil liability

Ch 14. Fidelity funds

Ch 15. Criminal responsibility

Ch 16. Professional discipline.

"This valuable text provides comprehensive and detailed guidance on the law and professional standards and ethics governing the role of lawyers in handling money held for a client, with a particular focus on lawyers' trust account management. It covers all Australian jurisdictions, and includes the Legal Profession Uniform Law now in force in New South Wales and Victoria. 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 discussed, including those arising in contract, tort and under fiduciary and trustees' duties. The author also addresses the statutory powers that underpin civil remedies such as the ordering of accounts and appointment of receivers." - Publisher's website.

Includes bibliographical references and index.

9780409342079

xlv, 156 p. ; 24 cm