(1) For the purposes of section 253 of the Act, a deficiency in a trust account or trust ledger account does not arise if (a) money amounting to at least the amount withdrawn is held in relation to that account at the time of the withdrawal (i) in the trust account to the credit of the client; or(ii) in the possession of the law practice for payment into the trust account to the credit of the client; or(iii) in the trust account identifiable by details recorded in the trust ledger account as being money to which the client is entitled; or(b) a withdrawal arises from the debiting of a cheque which has been properly used to obtain a bank cheque on behalf of the client while that bank cheque remains in the possession of the law practice pending its proper disposition.(2) A law practice must not retain a bank cheque drawn under subregulation (1) for a period exceeding 2 banking days.