Trust money fundamentals - know your obligations - On-demand
Course ID ID20017_PSK1
This on-demand material was recorded in September 2020
The knowledge of basic bookkeeping is important for every Australian lawyer. For lawyers, whether as principals or employees, this knowledge assists in the effective and proper conduct of matters, including the preparation of bills of costs and trust account statements.
Moreover, every lawyer who contemplates entering into practice as a principal, whether as a sole practitioner, partner or director of an incorporated legal practice, must accept the fact that carrying on a practice involves the carrying on of a business.
In this on-demand recording, join Frances Moffitt in this one-hour fundamental guide where you will learn about:
- What is trust money and the different types
- Where should trust money be paid
- What law practices must do
- Dispersing funds without authority
- Mixing trust monies with other monies
- Receiving trust money in cash
- Deficiency in trust accounts
- Responsibilities of principals
- Liability of principals
At the end of this on-demand course, you may claim 1 CPD point. Please consult the CPD rules for your state to ascertain how many CPD points you can claim for private study of audio/visual material during the CPD year.
Full Price $99.00
Alumni/Member Price $89.10
01 October 2020
30 June 2021
About This Course
Frances Moffitt is a solicitor in the Professional Standards Department at the Law Society of NSW and adjunct lecturer at the College of Law. Fran’s professional experience includes insolvency and bankruptcy law; criminal law (proceeds of crime), administrative law; taxation law; and statutory investigations
This on-demand was produced in NSW and features a NSW-based practitioner. This on-demand is available to practitioners from all Australian jurisdictions.