Australian Capital Territory Numbered Acts Australian Capital Territory Numbered Acts(1) This section applies to money received by a law practice if the licensing body considers that there is doubt or a dispute as to whether the money is trust money.
(2) The licensing body may determine, in writing, that the money is or is not trust money.
Note A provision of a law that gives an entity power to make a statutory instrument also gives the entity the power to amend or repeal the instrument (see Legislation Act, s 46).
(3) While a determination under this section is in force that money is trust money, the money is taken to be trust money for this Act.
(4) While a determination under this section is in force that money is not trust money, the money is taken not to be trust money for this Act.
(5) This section has effect subject to a decision of a court or administrative review body made in relation to the money concerned.