303Practitioners, incorporated firms, and banks not liable to account to client for interest payable on nominated trust account

1. No practitioner who, or incorporated firm that, deposits in a nominated trust account of that practitioner or incorporated firm any money received for, or on behalf of, any person, and no bank that holds any such money in any nominated trust account kept at that bank, is liable to account to any person other than the New Zealand Law Society or the New Zealand Society of Conveyancers or the Management Committee for any interest payable in respect of that money while it is held in any such account.