Managing client money: lawyers' trust accounts in Queensland

Abstract

Managing Client Money addresses the principles of trust account management clearly and comprehensively by integrating the legislation, principles of trusts and fiduciary law and professional ethical rules and tribunal and court decisions. Although this work focuses on Queensland, Managing Client Money easily extends to other Australian jurisdictions as it rests on the uniform Model Laws regulating the management of trust money. Unique to the market, this title travels to topics not yet addressed in Australian legal textbooks: the purpose of a trust account; the lawyer as fiduciary and trustee; supervision of trust accounts; statutory deposits; third party claims on trust money; investments, mortgages; estate practice; audit, supervision; civil liability for trust account mismanagement; fidelity funds; and criminal responsibility for trust account mismanagement.