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LEGAL PROFESSION ACT 2006 - SECT 364 Interstate legal practitioner becoming authorised to withdraw from local trust account

LEGAL PROFESSION ACT 2006 - SECT 364

Interstate legal practitioner becoming authorised to withdraw from local trust account

    (1)     This section applies to an interstate legal practitioner who (whether alone or with a cosignatory) becomes authorised to withdraw money from a local trust account.

    (2)     A regulation may do either or both of the following:

        (a)     require the practitioner to tell the law society council of the authorisation in accordance with the regulation;

        (b)     require the practitioner to make contributions to the fidelity fund in accordance with the regulation.

    (3)     A regulation may decide or provide for the deciding of 1 or both of the following:

        (a)     how the notification must be made and the information or material that must be included in or to accompany the notification;

        (b)     the amount of the contributions, their frequency and how they must be made.

    (4)     The interstate legal practitioner must comply with the applicable requirements of a regulation under this section.