Australian Capital Territory Repealed Acts

This legislation has been repealed.

LEGAL PRACTITIONERS ACT 1970 (REPEALED) - SECT 147O

    (1)     The regulations and, subject to the regulations, the rules of court 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, the regulations and the rules of court may make provision about, or for the purpose of, the following:

        (a)     the making of and acting in relation to regulated mortgages by solicitors;

        (b)     how the law society 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.