The extensively updated second edition of this valuable text provides detailed and comprehensive guidance on the law, professional standards and ethics that govern the role of lawyers in handling money held for clients, with a particular focus on lawyers’ trust account management. It covers all Australian jurisdictions.
As the security of trust money rests significantly on how lawyers account for trust account transactions, the accounting required by law is explained and examples are given to illustrate how accounts are to be kept. The more general legal responsibilities relating to handling of others’ money are also covered, including those arising in contract and under fiduciary and trustees’ duties. Statutory powers underpinning civil remedies such as the ordering of accounts and appointment of receivers are also discussed.
The new edition has been widely updated to include recent developments such as:
Updated the legislative references to recognise Western Australia’s adoption of the Uniform Law
Added reference to the AML/CTF requirements that will apply to lawyers from July 2026
Extensive coverage of recent discipline decisions affecting lawyers
Changes resulting from the widespread adoption of electronic conveyancing and Australia’s 2030 cheques transition plan
The scope and depth of coverage make it essential reading for legal practitioners, students and graduates undertaking practical legal training.
Features
Comprehensive coverage Australia-wide of trust account requirements
Identifies the underlying ethical responsibility of practitioners in managing client funds
Ensures appropriate awareness of the consequences of breach
Includes plentiful accounting examples
Clear, accessible explanations
Related Titles
Ebejer, LexisNexis Questions and Answers: Legal Practice and Ethics, 4th edition, 2022
Esparraga, Ethical Legal Practice and Professional Conduct, 2019
Field, Duffy & Huggins, Lawyering and Positive Professional Identities, 2nd edition, 2020
MacFarlane & Ross, Ethics, Professional Responsibility and Legal Practice, 2016
By:
K Murray Imprint: LexisNexis Butterworths Australia Country of Publication: Australia Edition: 2nd edition Weight: 2.600kg ISBN:9780409362848 ISBN 10: 0409362840 Publication Date:23 April 2026 Format:Paperback Publisher's Status: Active