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.