LEGAL PROFESSION ACT 2006 - SECT 495 Notice of appointment of receiver
LEGAL PROFESSION ACT 2006 - SECT 495
Notice of appointment of receiver(1) As soon as possible after a receiver is appointed for a law practice, the law society council must give written notice of the appointment to—
(a) the practice; and
(b) anyone else authorised to operate any trust account of the practice; and
(c) any external examiner appointed to examine the practice's trust records; and
(d) the ADI with which any trust account of the practice is kept; and
(e) any legal practitioner associate of the practice named under subsection (2) (h); and
(f) anyone whom the Supreme Court directs should be given notice of the appointment; and
(g) anyone whom the council believes, on reasonable grounds, should be given notice of the appointment.
(2) The notice must—
(a) identify the law practice and the receiver; and
(b) indicate that the external intervention is by way of appointment of a receiver; and
(c) indicate the extent to which the receiver has the powers of a manager for the practice; and
(d) state the term (if any) of the appointment; and
(e) state any reporting requirements to be observed by the receiver; and
(f) state any conditions imposed by Supreme Court when the appointment was made; and
(g) state that the law practice may appeal against the appointment of the receiver under section 514 (Appeal against appointment of supervisor or manager); and
(h) name any legal practitioner of the practice who must not participate in the affairs of the practice; and
(i) contain or be accompanied by any other information or material prescribed by regulation.