Otago Standards Committee No. 1 v Zhao [2016] NZLCDT 22 [pdf, 115 KB]
...up the movement of funds and ensure compliance at the time of billing, that is, that this was not an isolated or unusual occurrence. He did not seem to be troubled by the fact that while the funds were in his personal account, they lacked the protection afforded by the strict provisions of the trust account regime. 24 [81] The regulations and rules surrounding the handling of client funds are in place for important protective purposes. Compliance is a fundamental obligati...