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Legal Trust Accounting – VIC

10/01/2017
From 1 July 2015 the Legal Profession Act 2004 is repealed and replaced by the Legal Profession Uniform Law Application Act 2014, or ‘Uniform Law’. The Uniform Law package includes Legal Profession Uniform Rules (or Uniform Rules). Victoria and New South Wales are the first states to adopt and implement the Uniform Law and Uniform Rules. The Legal Profession Uniform Law is a note to the Legal Profession Uniform Law Application Act 2014 (NSW) and a schedule to the Legal Profession Uniform Law Application Act 2014 (Vic).

This is an on-line training course specifically designed around the VIC Trust accounting regulations which allows you to learn at anytime, anywhere at your desired pace. You can study at your own pace and from the comfort of your home or work.  It is non-academic and uses examples from real practice in small firms.  Course includes compliance with legislation and outlines the records to be maintained by a law practice, the information recorded on those records and the reports required to be produced.  Where applicable links to the Legal Profession Uniform Law Application Act 2014, or ‘Uniform Law’ & Legal Profession Uniform General Rules 2015 will be available to reinforce the content of the course.  Templates and Forms are also available and can be downloaded for use by the course attendee.

Course Outline
  • Overview of Trust Money
  • Information to be recorded
  • Records to be maintained
  • Reports to be produced
  • Trust Account Regulations

Online. Any Time. Anywhere!

making it easy to study when it suits you, wherever there’s internet access! (your account will be active for a month)

Course Pre-Requisite: None
Course Requirements: General course for beginners and experienced alike

Course Materials

Course Content

Lessons Status
1

VIC - Legal Accounting Trust Money Overview

2

VIC - General Trust Account - Receipts & Banking

3

VIC - General Trust Account - Payments & Journal Transfer

4

VIC - General Trust Account - Records & End of Month

5

VIC - Course Review

6

VIC - Controlled Money & Other Money

7

VIC - Statutory Deposit & Other Registers

QuizzesStatus
1

VIC - Final Assement

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