The New Zealand Law Society (‘NZLS’) has issued these guidelines to assist lawyers with providing a system for handling client money and valuable property, and for administering trust accounts in law practices. Although these guidelines are not mandatory, compliance with them will generally ensure compliance with the trust account provisions of the Lawyers and Conveyancers Act 2006 and the Lawyers and Conveyancers Act (Trust Account) Regulations 2008.
It is recommended that you read the relevant legislation carefully and in particular, keep on hand a copy of the Regulations for ready reference in addition to these Guidelines. You are welcome to contact the NZLS with suggestions for improving these guidelines.