Law Practice Trust Account
The trust account for this law practice is –
Robert J Garvey Solicitor Trust Account
ANZ Bank xxx xxxxx xx xxxxxxxx
Branch (BSB) no. xxx xxx
Account no. xxxx xxxxx
Swift code: xxxxx (if needed)
After making a deposit into this account, please send us particulars of payment and demand an official trust account receipt.
Law practice trust accounting
All money entrusted to this law practice in the course of and in connection with the provision of legal services must be paid into our general trust account. This trust account is audited yearly with its records retained for a minimum of 7 years. Confidence in solicitor trust accounts in Queensland is also supported by The Legal Practitioners’ Fidelity Guarantee Fund administered by the Queensland Law Society.
Computer hackers are known to impersonate lawyers (and their websites) to fraudulently intercept electronic funds transfers. You might want to telephone us or otherwise independently verify our trust account details. Most importantly, if you are transferring to our trust account for the first time, or transferring a large amount (e.g. over $10,000), then definitely do not rely on any website or communication (from us or anyone) without independently verifying for authenticity. You might do that by telephoning us on a separately known number, recognising our voice, or test by asking questions. After making an EFT to our trust account save us as a payee with your bank for reusing later. Please follow our ‘6 rules to avoid being hacked’.
Funds must ‘clear’ in the trust account before they can be drawn upon. The time it takes for funds to clear depends on the banks involved and the type of deposit payment. Most cheques clear within 3 work days but they can take up to a week. In Queensland, where it is common for ‘time to be of the essence’, even minor transaction delays caused by late clearance of funds are a relatively high risk cause of unexpected contract terminations and damages claims.
Verification of identity
Before you put money into our trust account, please examine whether you are able to prove your identity. If you are unable to prove your identity problems may arise for you as a result of ethical or legal obligations we have not to facilitate money laundering and the like. To quickly check you are able to prove your identity please complete our short Verification of Identity questionnaire.