BCH Law operates a Trust account for the protection of monies entrusted to us on behalf of our clients.
The Lawyers and Conveyancers Act (Trust Account) Regulations 2008 (the ‘Regulations’) underpins the rules for operating the Trust account, with the New Zealand Law Society ensuring these rules are adhered to.
BCH Law meets its obligations through the accurate and prompt recording of all Trust account transactions, receipts and payments, and by methodical and proper accounting for the funds that we hold on behalf of our clients.
BCH Law is required to submit certificates to the New Zealand Law Society on a monthly and quarterly basis, confirming that the trust account records are correct and comply with the regulations. There are periodic reviews undertaken by the New Zealand Law Society Inspectorate to ensure records/funds are being treated appropriately and to audit compliance generally.
Nikki Burley is the Trust Account Supervisor, this position is directly reportable to the New Zealand Law Society. Nikki is supported by a team who diligently process transactions on behalf of clients ensuring the safety and protection of our clients’ funds.
By Andrea De La Haye – Accounts Administrator
The information contained in this article should not be construed as legal advice on any subject matter.
