LEGAL PROFESSION ACT 1987 - SECT 46 Levies

This legislation has been repealed.

LEGAL PROFESSION ACT 1987 - SECT 46

46 Levies

(1) If the company is at any time of the opinion that the assets of the Indemnity Fund may be insufficient to meet its liabilities, the company may impose on each insurable solicitor a levy payable to the company on account of the Indemnity Fund.

(2) A levy shall be of such amount as the company determines and may differ according to the different factors in relation to which contributions under this Division have been determined.

(3) A levy is payable at the time, and in the manner, fixed by the company which may, in a special case, allow time for payment.