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Trust accounts

The Trust Accounts Department of the Law Society ensures that law practices across the State comply with stringent laws concerning the receipt, holding and disbursement of trust money – the money a law practice holds on behalf of a client or other people in the course of, or in connection with, the provision of legal services.

The Trust Accounts Department carries out this important function by conducting investigations of solicitors’ trust and controlled money accounts, and reviewing general account records in order to detect and prevent fraud.

To promote understanding of this complex area, the Department conducts education programs and offers advice to both practitioners and support staff. To encourage best-practice the Department also maintains a suite of practical resources.

Resources

CONTACT

  • Trust Accounts Department
  • The Law Society of NSW
  • 170 Phillip St
  • Sydney NSW 2000
  • DX 362 Sydney 
  • T: (02) 9926 0337
  • F: (02) 9223 3602
  • E: tad@lawsociety.com.au
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