External Examiners' Report

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Email: lo@lawsocietynt.asn.au

Web: www.lawsocietynt.asn.au

SCOPE: The procedures to be adopted by the external examiner to complete this report are to be sufficient to enable the external examiner to form an opinion in accordance with the relevant Act and Regulations regulating the maintenance of trust records and the receipting and disbursement of trust money by the law practice.

To complete this report External Examiners need the following documents from the law practice.

1. Annual Declaration Part A

2. Annual Declaration Part B

3. Self-Assessed Compliance Checklist

This form is automatically submitted to Law Society NT.

Law Practice Details

Name of law practice

Firm ID Number

* This information can be located on the law practice's Part A or Part B Declaration

Location address of law practice

Examination Details

Reporting Year to which report relates.

Your Name

Are you a designated external examiner or designated assistant?

Who is your supervising external examiner

Your email address to receive the automated copy of this report.

This email address will be used on an annual basis to confirm authorised examiners

Annual Declaration and Trust Monies Statement

I have conducted an examination of the trust records of the law practice based on appropriate examinations and sample techniques for the above reporting year.

I have received and examined the "Annual Declaration Part A" - provided to me by the law practice in accordance with the Legal Profession Regulations 2007

I have examined the law practice "Annual Declaration Part A" and consider

I have received and examined the "Annual Declaration Part B - Trust Money Statement" provided to me by the law practice in accordance with the Legal Profession Regulations 2007

I have examined the law practice "Annual Declaration Part B - Trust Money Statement" and consider

I have received and examined the "Self-Assessment Checklist" prepared and provided to me by the law practice.

I have examined the "Self-Assessment Check List" tool and consider it

General Trust Account

Did the law practice operate a General Trust Account at any time during the year?

Based on the results of my examination, I am of the opinion that the general trust records have been properly kept in accordance with the provisions of the Legal Profession Act and Regulations.

I have examined the law practice's "Annual Declaration Part A" and "Trust Money Statement" provided to me by the law practice; and in relation to general monies trust accounts I consider them

I am of the opinion that all necessary trust records were produced to me as requested for the purpose of the external examination and that the records were kept in a way that enables the records to be conveniently externally examined.

Controlled Monies Trust Account/s

Did the law practice operate a Controlled Monies Account at any time during the year?

Do any of the controlled monies accounts relate to a deceased estate?

Based on the results of my examination, I am of the opinion that the controlled monies trust records have been properly kept in accordance with the provisions of the Legal Profession Act and Regulations.

I have examined the law practice's "Annual Declaration Part A" and "Trust Money Statement" provided to me by the law practice; and in relation to controlled trust accounts I consider them

Invested Trust Monies

Did the law practice operate an Invested Trust Monies Account at any time during the year?

Do any of the invested monies accounts relate to a deceased estate?

Based on the results of my examination, I am of the opinion that the records of the invested trust monies have been properly kept in accordance with the provisions of the Legal Profession Act and Regulations.

I have examined the the law practice's "Annual Declaration Part A" and "Trust Money Statement" provided to me by the law practice and in relation to Invested trust monies and consider them

Trust Monies Subject to a power

Did the law practice operate a Trust Account subject to a power at any time during the year?

Do any of the trust monies accounts subject to a power relate to a deceased estate?

Based on the results of my examination, I am of the opinion that the records of the trust monies subject to a power have been properly kept in accordance with the provisions of the Legal Profession Act and Regulations.

I have examined the law practice's "Annual Declaration Part A" and "Trust Money Statement" provided to me by the law practice and in relation to trust monies subject to a power and consider them

Transit Trust Monies

Did the law practice hold transit trust monies at any time during the year?

Based on the results of my examination, I am of the opinion that the records of the transit trust monies have been properly kept in accordance with the provisions of the Legal Profession Act and Regulations.

I have examined the law practice's "Annual Declaration Part A" and "Trust Money Statement" provided to me by the law practice and in relation to transit trust monies and consider them

Overdrawn ledgers and bank statements

Were any of the trust accounts identified above overdrawn at any time during the year?

Over drawn account or ledger details

Type of Account over drawn

Details of relating to bank/ledger account

Date of overdraw

Amount of overdraw

Numbers only

Reason for overdraw

Date corrected

Date to be in the following format 00/00/000

Did the law practice provide the Society with notification of the irregularity

In respect of any overdrawing of the trust account or a trust ledger account I am of the opinion that the overdrawing was restored promptly except as detailed below.

Identifiable breaches and irregularities

Were any breaches identified during the year?

Details of Identified Breaches and or Irregularities

Act/Regulations Reference.

If you are not aware of the relevant section please state "unknown"

Description of Breach

Would you describe the breach as

Please upload supporting documentation if considered necessary

Attach supporting documentation

Please attach a copy of the "Annual Declaration Part B - Trust Money Statement completed and signed by a relevant practitioner

Please attach a copy of the self-assessment checklist completed and signed by a relevant practitioner

Please attach any other supporting documents

Additional information

Do you wish to provide the Law Society with additional information which has not been addressed fully in any other section

Please Detail

Declaration

I the person identified as the external examiner in the Examination Details section and submitting this form, CONFIRM TO THE BEST OF MY KNOWLEDGE AND BELIEF THE SUBMITTED INFORMATION IS TRUE AND CORRECT

I acknowledge that the Law Society Northern Territory will rely on the information contained in this External Examiners' Report. I disclaim any assumption of responsibility for any reliance on this External Examiners' Report to any person other than the Law Society Northern Territory, or for any purpose other than that for which it was prepared.

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