LEGAL PROFESSION ACT 2006 - SECT 324 Levy to supplement fidelity fund
LEGAL PROFESSION ACT 2006 - SECT 324
Levy to supplement fidelity fund(1) If, at any time, the law society council considers that the fidelity fund is not sufficient to satisfy the law society's liabilities in relation to the fund, the council may impose a levy of the amount that it considers appropriate for payment into the fund.
(2) The levy is payable to the law society, on the day fixed by the law society council, by each local legal practitioner who holds a current unrestricted practising certificate on that day.
(3) However, the law society council may extend the time for payment of a levy by a local legal practitioner.