36Receipting of trust
money
(1)
A law practice must make out a receipt as soon as
practicable:
(a)
after trust money is received,
or
(b)
in the case of trust money received by direct
deposit, after the law practice receives or accesses notice or confirmation of
the deposit from the ADI concerned.
(2)
The receipt must contain the following
particulars:
(a)
the date the receipt is made out and, if
different, the date of receipt of the money,
(b)
the number of the receipt,
(c)
the amount of money received,
(d)
the form in which the money was
received,
(e)
the name of the person from whom the money was
received,
(f)
details clearly identifying the name of the
client in respect of whom the money was received and the matter description
and matter reference,
(g)
particulars sufficient to identify the reason for
which the money was received,
(h)
the name of the law practice or the business name
under which the law practice engages in legal practice and the expression
“trust account” or “trust a/c”,
(i)
the name of the person who made out the
receipt.
(3)
The receipt must be made out in duplicate unless,
when the receipt is made out the particulars referred to in subrule (2) are
recorded by a computerised accounting system in the trust account receipts
cash book.
(4)
The receipt must be given, on request, to the
person from whom the trust money was received.
(5)
Receipts must be consecutively numbered and
issued in consecutive sequence.
(6)
If a receipt is cancelled, the original receipt
must be kept.
(7)
This rule does not apply to controlled
money.
rule 36: Am 2016
(571), cl 4.