Letter · Trust accounting & handling client money

Trust account statement to the person for whom money is held

Statement of trust money received, paid and still held for one person, for one ledger, given at the end of the matter, on request, or after 30 June.

Kind
Letter. A letter or email you adapt and send.
Where it applies
New South Wales, Western Australia
AI use
Yellow You and the tool draft together, with you directing. You check every statement you rely on.
Law stated as at
22 October 2026
Status
Maintained. Checked on 22 October 2026 against the 4 authorities it cites, for New South Wales and Western Australia.
Version
1
Source
Written for this library

When to use it

Use when rule 52 requires a trust account statement for money held in a general trust account, a controlled-money record, or a power. Do not use it for transit money or written-direction money, or where rule 52(5) or rule 53 says no statement is required.

Used for these tasks

Each task page says how far AI may help with the task and what the lawyer must review.

How AI may be used

AI may lay out the statement from a ledger export. A principal checks every figure against the trust ledger before the statement is sent.

AI may

  • Turn a supplied ledger export into the receipt and payment lines below
  • Flag a ledger that had a transaction in the year and has not had a statement since 30 June

AI must not

  • Must not round, estimate or reconstruct a figure that is not in the export
  • Must not send the statement
  • Must not omit a payment because it was a costs transfer

The lawyer checks

  • Opening balance, each line and the closing balance match the trust ledger
  • A statement is due under rule 52(4), and neither rule 52(5) nor a rule 53 direction removes the duty
  • A copy is kept with the trust records

Method: how the Green, Yellow and Red levels are decided. This is guidance for planning, not legal advice.

Authorities

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