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Trust accounting essentials: Practice guide (LPUL)
- 2 CPD Points
- Start Any Time
- Interactive
- Start from $249.00
- ID044_MAN
Course Overview
Trust accounting is one of the most important elements of practice management. The obligations and responsibilities of lawyers in this area are taken very seriously, and irregularities can lead to severe consequences. In this short course, we will outline the best practice trust accounting principles and the obligations of legal practitioners in respect of different types of trust money.
This course explains the basic requirements for dealing with trust money under the Legal Profession Uniform Law and explores some of the dangers that can result in trust account provisions being inadvertently breached. It identifies a range of best practice strategies, which may be implemented to prevent breaches, and considers the consequences when breaches do occur.
At the end of this course, you'll be able to:
- Explain the regulatory framework governing trust money and record keeping.
- Implement effective operating practices to comply with regulatory obligations and to rectify poor practices.
- Outline the provisions governing the responsibilities of principal lawyers regarding trust monies.
- Identify ways in which trust account provisions can inadvertently be breached and prevention strategies.
The course contains content that falls within the mandatory CPD categories of Ethics and Professional Responsibility and Practice Management and Business Skills.
Course Structure
Topic 1: Introduction to trust accounting
Topic 2: Key statutory obligations
Topic 3: Dealing with trust money
Topic 4: Breaches of trust money obligations
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BUNDLE
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This bundle will build your capabilities across four essential – and practical – modules.
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Get your comprehensive guide to initiating and managing criminal matters in the Local Court of New South Wales or on appeal
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In this short course, learn the main principles of a debt recovery matter for liquidated claims and the procedure to conduct and implement an undefended debt recovery matter in the District Court.
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LIVE COURSE
Powers of attorney in practice (NSW)
10 December 2024, 9.00am to 11.15am AEDT. In this live webinar, you will be guided through critical information to understand the process, complexities, associated risks and dispute resolution methods when dealing with this substitute decision making instrument.
10 December 2024, 9.00am to 11.15am AEDT. In this live webinar, you will be guided through critical information to understand the process, complexities, associated risks and dispute resolution methods when dealing with this substitute decision making instrument.
LPMC
LPMC-WA-NFP
This course is a sector-specific version of the Practice Management Course, designed for those who are or wish to act in the role of supervising legal practitioner of a community legal centre or similar NFP organisation.
This course is a sector-specific version of the Practice Management Course, designed for those who are or wish to act in the role of supervising legal practitioner of a community legal centre or similar NFP organisation.
SINGLE COURSE
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Explore the legal, procedural, and protective aspects of employment termination to handle disputes with confidence and clarity.
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SINGLE COURSE
Rules of Evidence: Practice guide
Understanding the law of evidence is key to constructing a robust case for your client.
In a criminal proceeding, the rules of evidence govern what is admissible or inadmissible in a trial and the procedures that must be followed in obtaining evidence
Understanding the law of evidence is key to constructing a robust case for your client.
In a criminal proceeding, the rules of evidence govern what is admissible or inadmissible in a trial and the procedures that must be followed in obtaining evidence
By focusing on the resolution of financial issues, including property settlement and spouse maintenance, this course will help you better support your clients during this difficult process. It will guide you through the steps in making an initiating application for financial orders in the Federal Circuit and Family Court of Australia (FCFCOA).
By focusing on the resolution of financial issues, including property settlement and spouse maintenance, this course will help you better support your clients during this difficult process. It will guide you through the steps in making an initiating application for financial orders in the Federal Circuit and Family Court of Australia (FCFCOA).
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This course covers your responsibilities and obligations when you act for mortgagees or mortgagors in transactions involving a mortgage of an estate or interest in land. So you can support your clients smoothly throughout the entire procedure.
This course covers your responsibilities and obligations when you act for mortgagees or mortgagors in transactions involving a mortgage of an estate or interest in land. So you can support your clients smoothly throughout the entire procedure.
FREQUENTLY ASKED QUESTIONS
With our online on-demand interactive courses, you can learn when and where it suits you. We’ve designed each course to provide both education and enjoyment.
Each course offers a mix of engaging exercises, where you’ll gain access to:
- Interactive activities to challenge your understanding and put your knowledge to the test. You’ll also enjoy engaging exercises, such as flip cards, quizzes and drafting activities.
- Clearly identified outcomes so you know precisely what you’ll learn – and the skills you’ll gain. You’ll also be able to track your development and focus on key improvement areas.
- Extended course access so you can reference the material as you need – or revisit it should life get in the way.
- Feedback and template answers so you can refine your skills, grow your knowledge and gain fresh insights.
Access each module on the College’s learning portal. When you buy a single, you’ll have 24/7 unlimited access for 12-months from the date of purchase.
Does this educational activity extend your knowledge and skills in areas that are relevant to your practice needs or professional development?
If so, and you’re not a WA practitioner, you should claim 1 unit for each hour of participation, not including breaks.
Please check your local CPD rules for any caps on activity types, such as the private study of non-interactive audio/visual materials. You are responsible for keeping your own CPD records and complying with your local CPD rules.
No. Western Australian practitioners who complete our on-demand courses are currently unable to claim CPD points.
However, you may earn CPD points by attending select live CPD events or by completing select CPD Interactive modules.
Yes, if your organisation has multiple employees looking to enrol in any of the College of Law’s courses, please contact us to discuss the corporate rates available.
A digital subscription is our most popular option for firms, with pricing designed to accommodate teams of various sizes:
- $499 per year - For individuals
- $1,399 per year - 5 user pack (Save $1,096) - Use discount code FLEX5
- $1,799 per year - 10 user pack (Save $3,191) - Use discount code FLEX10
- For teams of 10 or more users, please contact us directly for personalised pricing tailored to your organisation's needs
You can also learn more here.
Yes, you can keep track of your completion of our online courses and modules via the grades tab within the relevant courses in our learning management system.
