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.

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.

"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 pages ; 24 cm