LEGAL PROFESSION ACT 2006 - SECT 382 Regulations and rules—pt 3.5
LEGAL PROFESSION ACT 2006 - SECT 382
Regulations and rules—pt 3.5(1) A regulation or the legal profession rules may make provision in relation to—
(a) regulated mortgages, including run-out mortgages; and
(b) the involvement of solicitors in managed investment schemes.
(2) In particular, a regulation or the legal profession rules may make provision in relation to the following:
(a) the making of and acting in relation to regulated mortgages by solicitors;
(b) how the law society council is to be given any notice or other information under this part;
(c) how notices are to be given under this part;
(d) ensuring that the operation of a managed investment scheme by a responsible entity is kept separate from a solicitor's practice;
(e) ensuring that clients of a
solicitor are aware that the operation of a managed investment scheme does not
form part of the solicitor's practice.