Trust money
In Australia, Trust money is held by a law firm on a client's behalf in a trust account with a bank. Trust money is held in connection with the provision of legal services and is highly regulated. A lawyer or law firm should not appropriate a client's trust money until certain regulations are met, which are different for each State in Australia. The Australian system regulating lawyers and their trust accounts has been labeled by the Rudd Government as an "unwieldy monster".