Victorian Numbered Regulations Victorian Numbered Regulations(1) An approved clerk must not maintain a trust ledger account in the name of the clerk except as authorised by this regulation.
(2) An approved clerk may maintain in its trust ledger a trust ledger account in the clerk's name, but only for the purpose of aggregating in the account, by transfer from other accounts in the trust ledger, money properly due to a barrister on whose behalf the clerk has received money on account of legal costs.
(3) In a case to which sub-regulation (2) applies, the approved clerk must ensure that the money in the trust ledger account is withdrawn from the general trust account not later than one month after the day on which the money was transferred to the trust ledger account.