Trust Account Risks and Regulation
Issues covered include: three way examination, inspections, defaults and penalties, case law
Description
The regulations governing trust accounts can be complex, and a single error can spiral into serious consequences. Protect your yourself, your practice and your clients by taking the time to examine the key elements, regulations and best practices related to trust accounts so that you and your practice remain lock-step in line with every requirement.
Attend and earn 3 CPD units in Practice Management & Business Skills
This seminar was recorded in VIC on 5 June 2019
Chair: Jane Good, Director, Brand Partners Commercial Lawyers
2.00pm to 3.00pm: Three Way Examination of Trust Accounts
- Implementing good internal control procedures for operating your trust account
- Key legislation and regulations to ensure you have considered and addressed
- The red flags to be aware of to avoid the potential for fraud in your trust or operating accounts
Presented by Jeffrey Luckins, Director, William Buck
3.00pm to 4.00pm: Trust Account Inspections
- Trust Account Reviews
- What happens when an inspector conducts a review?
- Results of trust account reviews
Presented by Marco Zanon, Manager, Investigations, Law Institute of Victoria
4.00pm to 4.15pm Afternoon Tea
4.15pm to 5.15pm: Trust Accounts Defaults and Penalties: Lessons Learnt from the Case Law
- Warning signs, what to look out for
- A selection of relevant cases
- What to do in the event things go wrong
Presented by Timothy J Scotter, Barrister, Dever’s List
Venue
RACV City Club
Level 2, 501 Bourke St
Melbourne 3000
VIC
Australia