Trust Money: the Importance of Compliance

Clients entrust lawyers to protect and handle trust money appropriately. When that trust is breached it can lead to findings of unsatisfactory misconduct or professional misconduct and in the worst case being struck of the roll. This CPD session will focus on a lawyer’s obligations when dealing with trust money and assist them in meeting compliance requirements. The session focuses on understanding the expanse definition of trust money; the authority to hold trust money; the ability to draw fees from trust accounts; unclaimed trust money; and the consequences of misusing trust money. Features One hour on-demand, online continuing professional development course; Experienced, knowledgeable presenter Interactive presentation that may be started and stopped to suit your convenience Certificate of Completion for audit purposes Useful notes for later reference Opportunity to build your personal course library Convenient links to relevant cases (for Lexis Advance subscribers) Web Content Accessibility Guidelines (WCAG) compliant Key Learning Outcomes At the end of the presentation participants will understand: The expanse definition of trust money The authority to hold trust money The ability to draw fees from trust accounts Unclaimed trust money; and The consequences of misusing trust money. Related Titles Ethics, Professional Responsibility and Legal Practice Client Money: Trust Account Management for Australian Lawyers