Trust Regulations - Australia - Western Australia

Created by Allison Cloyd, Modified on Mon, 14 Nov 2022 at 12:59 AM by Allison Cloyd

Actionstep has been built as a compliant trust accounting system in Western Australia. The Law Society of Western Australia does not provide certification to software companies so whilst we are compliant there is no certification process. 

 

This article explains the main differences when using the Australia - Western Australia plug-in. 

 

Trust Overdraw

In order for a system to accurately reflect the transactions in a Trust Account, there may be times when the account goes into Overdraw.

This could be the result of an error or a reversal. Actionstep will allow a Trust Overdraw (permission dictate who is able to process a reversal and who is not). 

 

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