r. r. 3.3.18 3.3.18 3.3.18 Journal transfers (1) Trust money may be transferred by journal entry from one trust ledger account in a law practice's or an approved clerk's trust ledger to another trust ledger account in the trust ledger, but only if— (a) the law practice or approved clerk is entitled to withdraw the money and pay it to the other trust ledger account; and (b) subregulation (1A) is complied with. Reg. 3.3.18(1)(b) substituted by S.R. Nos 31/2007 reg. 12(l), 112/2007 reg. 4(1). * * * * * Reg. 3.3.18(1)(c) inserted by S.R. No. 31/2007 reg. 12(l), revoked by S.R. No. 112/2007 reg. 4(1). (1A) The transfer must be authorised in writing by— Reg. 3.3.18 (1A) inserted by (a) in the case of a law practice— S.R. No. 112/2007 (i) an authorised principal of the law reg. 4(2). practice; or (ii) if a principal referred to in subparagraph (i) is not available— (A) an authorised legal practitioner associate; or (B) an authorised Australian legal practitioner who holds an unrestricted practising certificate authorising the receipt of trust money; or
3.3.18 Journal transfers r. 3.3.18 (1) Trust money may be transferred by journal entry from one trust ledger account in a law practice's or an approved clerk's trust ledger to another trust ledger account in the trust ledger, but only if— (a) the law practice or approved clerk is entitled to withdraw the money and pay it to the other trust ledger account; and Reg. 3.3.18(1)(b) substituted by S.R. Nos 31/2007 reg. 12(l), 112/2007 reg. 4(1). (b) subregulation (1A) is complied with. Reg. 3.3.18(1)(c) inserted by S.R. No. 31/2007 reg. 12(l), revoked by S.R. No. 112/2007 reg. 4(1). * * * * * Reg. 3.3.18 (1A) inserted by S.R. No. 112/2007 reg. 4(2). (1A) The transfer must be authorised in writing by— (a) in the case of a law practice— (i) an authorised principal of the law practice; or (ii) if a principal referred to in subparagraph (i) is not available— (A) an authorised legal practitioner associate; or r. 3.3.18 (B) an authorised Australian legal practitioner who holds an unrestricted practising certificate authorising the receipt of trust money; or
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