LEGAL PROFESSION ACT 2006 - SECT 372 Law society council to be notified of territory regulated mortgages
LEGAL PROFESSION ACT 2006 - SECT 372
Law society council to be notified of territory regulated mortgages(1) A solicitor commits an offence if the solicitor—
(a) in the solicitor's capacity as solicitor for a lender or contributor, negotiates the making of or acts in relation to a territory regulated mortgage; and
(b) fails to give the law society council written notice of that fact in accordance with the regulations or the legal profession rules.
Maximum penalty: 20 penalty units.
(2) A contravention of this section can be professional misconduct.