Rule 3 of the Principal Rules is amended as follows:(a) by omitting the definitions of accounting period and accounting record ;(b) by omitting the definitions of approved institution and cash book ;(c) by omitting the definitions of controlled fund and controlled fund operator ;(d) by omitting the definition of cost agreement ;(e) by omitting the definition of examination ;(f) by omitting the definitions of Executive Director and firm and substituting the following definitions:Executive Director means the Executive Director of the Law Society;firm means where at least one person holds a practising certificate issued by the Law Society;(a) an Australian legal practitioner who is a sole practitioner; or(b) a law firm; or(c) a multi-disciplinary partnership; or(d) an incorporated legal practice (g) by omitting the definitions of fund , fund operator , government valuation , insured , insurer and investor ;(h) by omitting the definition of money and substituting the following definition:money includes (a) a cheque, bank draft, bill of exchange or any other negotiable instrument; and(b) any instrument or asset that is capable of being converted into money;(i) by omitting the definitions of mortgage and mortgage security ;(j) by omitting the definitions of president , proceedings , registered valuer , related firm , report , security valuation and short-term money market dealer and substituting the following definitions:proceedings , for the purposes of rule 12 , means any action or claim at law or in equity;solicitor includes an Australian-registered foreign lawyer who practises as or in the manner of a solicitor;(k) by omitting the definition of statutory charge ;(l) by omitting "kind;" from the definition of transaction and substituting "kind." ;(m) by omitting the definition of trust account inspector .