Document ID: chunk:federal_register_of_legislation:F2018L00031:reg:24
Version: federal_register_of_legislation:F2018L00031
Segment Type: reg
Provision Reference: reg 24
Character Range: 20110–20937

24   Funds
(1)     A registered attorney must ensure that a cost, official fee or debt is paid in a timely manner after the registered attorney's client has given the relevant amount to the registered attorney.

(2)     A registered attorney must ensure that the funds of a client are kept and accounted for using an accounting standard that is appropriate to the circumstances of the registered attorney's practice.

(3)     A registered attorney must use money paid by a client only:
(a)     for the purposes for which the client paid the money; or
(b)     in accordance with any instructions given by the client before, during or after the payment of the money.

(4)     A registered attorney must, as soon as practicable, give to a client, or otherwise deal with as instructed by a client, any refund due to the client.