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Trust Money
In Australia, trust money in the legal industry is the money a law practice holds on behalf of a client or other people in the course of, or in connection with, the provision of legal services. Trust money is required to be held by a law firm on a client's behalf in a trust account with a bank and is highly regulated. A lawyer or law firm should not appropriate a client's trust money until certain regulations are met, which are different for each state in Australia. The Australian system regulating lawyers and their trust accounts has been labeled by the Rudd Government as an "unwieldy monster". Uses of trust money Trust money is held to cover the practitioner’s fees and disbursements over a period of time and may be required to be topped up as a matter progresses. Regulations for handling trust money in Australia The accounting of trust money is highly regulated and even though the money is controlled by the law practice the money still belongs to the client until such time a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australia
Australia, officially the Commonwealth of Australia, is a Sovereign state, sovereign country comprising the mainland of the Australia (continent), Australian continent, the island of Tasmania, and numerous List of islands of Australia, smaller islands. With an area of , Australia is the largest country by area in Oceania and the world's List of countries and dependencies by area, sixth-largest country. Australia is the oldest, flattest, and driest inhabited continent, with the least fertile soils. It is a Megadiverse countries, megadiverse country, and its size gives it a wide variety of landscapes and climates, with Deserts of Australia, deserts in the centre, tropical Forests of Australia, rainforests in the north-east, and List of mountains in Australia, mountain ranges in the south-east. The ancestors of Aboriginal Australians began arriving from south east Asia approximately Early human migrations#Nearby Oceania, 65,000 years ago, during the Last Glacial Period, last i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tasmania
) , nickname = , image_map = Tasmania in Australia.svg , map_caption = Location of Tasmania in AustraliaCoordinates: , subdivision_type = Country , subdivision_name = Australia , established_title = Before federation , established_date = Colony of Tasmania , established_title2 = Federation , established_date2 = 1 January 1901 , named_for = Abel Tasman , demonym = , capital = Hobart , largest_city = capital , coordinates = , admin_center = 29 local government areas , admin_center_type = Administration , leader_title1 = Monarch , leader_name1 = Charles III , leader_title2 = Governor , leader_name2 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South Australia Law
South is one of the cardinal directions or compass points. The direction is the opposite of north and is perpendicular to both east and west. Etymology The word ''south'' comes from Old English ''sūþ'', from earlier Proto-Germanic ''*sunþaz'' ("south"), possibly related to the same Proto-Indo-European root that the word ''sun'' derived from. Some languages describe south in the same way, from the fact that it is the direction of the sun at noon (in the Northern Hemisphere), like Latin meridies 'noon, south' (from medius 'middle' + dies 'day', cf English meridional), while others describe south as the right-hand side of the rising sun, like Biblical Hebrew תֵּימָן teiman 'south' from יָמִין yamin 'right', Aramaic תַּימנַא taymna from יָמִין yamin 'right' and Syriac ܬܰܝܡܢܳܐ taymna from ܝܰܡܝܺܢܳܐ yamina (hence the name of Yemen, the land to the south/right of the Levant). Navigation By convention, the ''bottom or down-facing side'' of a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Law Society
A law society is an association of lawyers with a regulatory role that includes the right to supervise the training, qualifications, and conduct of lawyers. Where there is a distinction between barristers and solicitors, solicitors are regulated by the law societies and barristers by a separate bar council. History Much has changed for law societies in recent years, with governments in Australia, New Zealand, England, Wales, and Scotland creating government sponsored regulators for lawyers (both barristers and solicitors), leaving to law societies the role of advocacy on behalf of their members. Canada In Canada, each province and territory has a law society (french: barreau) with statutory responsibility for regulation of the legal profession in the public interest. These law societies are members of the Federation of Law Societies of Canada, which seeks to increase coordination between its members and encourage the standardization of members’ rules and procedures. In Can ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gina Rinehart
Georgina Hope Rinehart (née Hancock, born 9 February 1954) is an Australian mining magnate and businesswoman. Rinehart is the Executive Chairman of Hancock Prospecting, a privately owned mineral exploration and extraction company founded by her father, Lang Hancock. Rinehart was born in Perth, Western Australia, and spent her early years in the Pilbara region. She boarded at St Hilda's Anglican School for Girls and then briefly studied at the University of Sydney, dropping out to work with her father at Hancock Prospecting. She was Lang Hancock's only child, and when he died in 1992leaving a bankrupt estateshe succeeded him as executive chairman. She turned a company with severe financial difficulties into the largest private company in Australia and one of the largest mining houses in the world. When Rinehart took over Hancock Prospecting, its total wealth was estimated at 75 million, which did not account for group liabilities and contingent liabilities. She oversaw an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Death Of Corryn Rayney
Corryn Veronica Ann Rayney, née Da Silva, (born 1963) migrated to Australia with her Indian family in 1973 as refugees from Idi Amin's Uganda. Her death occurred on or about 7 August 2007, her body being discovered a week later in a clandestine grave in Kings Park, Perth, with no clearly established cause of death. Her husband Lloyd Rayney, a prominent barrister specialising in criminal prosecution, was charged with her murder, but found not guilty after a trial before a judge only. The acquittal was unanimously upheld by a court of appeal in August 2013. The state's police commissioner and attorney general declined to acknowledge documented procedural mistakes, and refused to instigate a fresh search for the killers, leading to calls for a federal investigation into the matter. The Rayneys lived in the Perth suburb of Como and had two daughters, Caitlyn (born 1994) and Sarah (born 1997). Bennett & CoThe First Nine Years: Litigation Analytics, 2011 to 2020, Volume Two/ref> At ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hajnal Ban
Hajnal Ban (also known as Hajnal Black) is an Australian lawyer, author, and former conservative politician, who was convicted of charges that prevented her being elected to public office between 2012 and 2016. She was elected on 15 March 2008 a councillor for Logan City but was disqualified from 27 March 2012. Previously she was a councillor for the (now defunct) Beaudesert Shire Council from 27 March 2004. She was an unsuccessful National Party candidate for the federal seat of Forde, south of Brisbane, at the 2007 federal election. She won Liberal National Party selection for the newly-created federal seat of Wright in November 2009, but subsequently lost endorsement following allegations she mismanaged the funds of a 65-year-old man. In 2002, she underwent surgery to increase the length of each of her legs by 8 cm. She published her experiences in the book ''God Made Me Small, Surgery Made Me Tall'' under the pseudonym Sara Vornamen. She also released a book called ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Michael Atkinson (politician)
Michael John Atkinson (born 17 June 1958), a former Australian politician in the South Australian Branch of the Australian Labor Party, was a member of the Parliament of South Australia from 1989 to 2018. Atkinson was the 34th Speaker of the South Australian House of Assembly in the Jay Weatherill government from 2013 to 2018. Before this post, he was the 46th Attorney-General of South Australia, Minister for Justice, Minister for Veterans' Affairs, and Minister for Multicultural Affairs in the Mike Rann Labor Government. A day after the 2010 election, he stepped down as Attorney-General and resigned from the Cabinet. Atkinson represented the South Australian House of Assembly seat of Croydon from the seat's creation in 2002 until 2018, and previously Spence from 1989 until the seat was abolished and replaced by Croydon in 2002. He was a member of the Australian Journalists Association whilst working for the Adelaide Advertiser. He is currently a member of the Shop Distributi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Northern Territory
The Northern Territory (commonly abbreviated as NT; formally the Northern Territory of Australia) is an states and territories of Australia, Australian territory in the central and central northern regions of Australia. The Northern Territory shares its borders with Western Australia to the west (129th meridian east), South Australia to the south (26th parallel south), and Queensland to the east (138th meridian east). To the north, the territory looks out to the Timor Sea, the Arafura Sea and the Gulf of Carpentaria, including Western New Guinea and other islands of the Indonesian archipelago. The NT covers , making it the third-largest Australian federal division, and List of country subdivisions by area, the 11th-largest country subdivision in the world. It is sparsely populated, with a population of only 249,000 – fewer than half as many people as in Tasmania. The largest population center is the capital city of Darwin, Northern Territory, Darwin. The archaeological hist ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Capital Territory
The Australian Capital Territory (commonly abbreviated as ACT), known as the Federal Capital Territory (FCT) until 1938, is a landlocked federal territory of Australia containing the national capital Canberra and some surrounding townships. It is located in southeastern Australian mainland as an enclave completely within the state of New South Wales. Founded after Federation as the seat of government for the new nation, the territory hosts the headquarters of all important institutions of the Australian Government. On 1 January 1901, federation of the colonies of Australia was achieved. Section 125 of the new Australian Constitution provided that land, situated in New South Wales and at least from Sydney, would be ceded to the new federal government. Following discussion and exploration of various areas within New South Wales, the ''Seat of Government Act 1908'' was passed in 1908 which specified a capital in the Yass-Canberra region. The territory was transferred to the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Western Australia
Western Australia (commonly abbreviated as WA) is a state of Australia occupying the western percent of the land area of Australia excluding external territories. It is bounded by the Indian Ocean to the north and west, the Southern Ocean to the south, the Northern Territory to the north-east, and South Australia to the south-east. Western Australia is Australia's largest state, with a total land area of . It is the second-largest country subdivision in the world, surpassed only by Russia's Sakha Republic. the state has 2.76 million inhabitants percent of the national total. The vast majority (92 percent) live in the south-west corner; 79 percent of the population lives in the Perth area, leaving the remainder of the state sparsely populated. The first Europeans to visit Western Australia belonged to the Dutch Dirk Hartog expedition, who visited the Western Australian coast in 1616. The first permanent European colony of Western Australia occurred following the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Authorised Deposit-taking Institution
Financial institutions in Australia are only permitted to accept deposits from the public if they are authorised deposit-taking institutions (ADIs). The ADI’s authority is granted by the Australian Prudential Regulation Authority (APRA) under the ''Banking Act 1959'' (Cth). The term was adopted to formalise the right of non-bank financial institutions — such as building societies, credit unions and friendly societies — to accept such deposits. All ADIs are subject to the same prudential standards as banks but for a corporation to use word 'bank', 'building society' and 'credit union' in its name, it must meet certain requirements. The concept of an ADI replaced that of "bank" following the recommendations of the Wallis Report in March 1997. The statutory requirements of an ADI are elucidated in case ''Commissioners of the State Savings Bank of Victoria v Permewan, Wright & Co Ltd'' (1914). The case was seminal in characterising essential elements of a bank as being the col ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
