CANCELLED: Trust Account Risks and Regulation
With regulation of the legal profession moving to the Legal Services Board and the deadline to finalise your trust account just around the corner, this seminar comes at just the right time for practitioners responsible for maintaining a trust account. Protect 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.
Description
Attend and earn 4 CPD units including:
3 units in Practice Management & Business Skills
1 unit in Ethics and Professional Responsibility
Chair: Marco Zanon, Manager, Trust Consulting & Quality Assurance, Law Institute of Victoria
9.00am to 10.00am: Trust Accounts: The Regulator’s Perspective
- Let’s first understand the role the VLSB+C plays in the regulatory space
- How have things changed? Hear how we have moved from the routine inspection/ investigation cycle that was in place a few years ago to a new risk-based model
- Included in our strategy is our commitment to be risk based, evidence based and outcome focused. What does that mean in the area of trust accounting?
Presented by Maggie McNamara, Manager, Regulatory Compliance Programs, Victorian Legal Services Board + Commissioner
10.00am to 11.00am: 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 Audit & Assurance, William Buck
11.00am to 11.15am Morning Tea
11.15am to 12.15pm: Good Governance for Incorporated Legal Practices
- Why are director’s duties relevant to trust account requirements for ILP’s?
- The importance of delegated authority
- Why culture is critical to compliance
Presented by Garth Fountain-Smith, Consultant, Marshall + Dent + Wilmoth Lawyers
Ethics and Professional Responsibility
12.15pm to 1.15pm: 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
Parking Information
Parking is not included in your registration. Here are some options below. RACV City Club Car Park.
Directions
Testimonials
Direct, very interesting case. Great tips on how to detect fraud and misconduct