If your business is a solicitor’s office, real estate agency, collection agent (QLD), conveyancer, or settlement agent (WA), then you may be required by law to deposit funds held on behalf of your clients. Check out our trust accounts designed for solicitors, real estate agents and settlement agents. Keeping client money in a statutory trust ? Mar Discover a detailed and insightful summary into the CASS rule book, explaining the difference between a statutory and non- statutory trust bank . Helps you comply with statutory requirements for holding clients funds on trust.
Segregating client money in a statutory or non- statutory trust bank account. Holding client money as agent and segregating client . Trust Account under various laws regulating . The statutory trust under CASS 7. R does not permit a firm, in its capacity as. Trust created by operation of law where a real property is held by trustees for immediate or eventual sale at their discretion.
Each law practice must deposit prescribed amounts from their trust accounts into a statutory deposit account each year. Find the deposit calculator and other .