New South Wales Repealed Acts

This legislation has been repealed.

LEGAL PROFESSION ACT 1987 - SECT 46A

46A Special contributions and levies: HIH liabilities

(1) The company may, for the purposes of ensuring that the Indemnity Fund, or any part of the Indemnity Fund, is sufficient to meet the purposes for which it may be used under section 44A:

(a) require any insurable solicitor who is or was insured under an approved insurance policy issued or renewed by an HIH group member to pay a special annual contribution to the Indemnity Fund, or

(b) require any solicitor or former solicitor who is or was insured under an approved insurance policy issued or renewed by an HIH group member to pay a special levy to the Indemnity Fund.

(2) Any such special annual contribution or levy is to be of an amount determined by the company and approved by the Law Society Council.

(3) The company may make a different determination under subsection (2) in relation to particular classes of solicitors or former solicitors.

(4) The special annual contribution or levy is to be paid within the time and in the manner specified by the company by notice in writing to the solicitor or former solicitor concerned.

(5) A special annual contribution or levy that is payable under this section:

(a) is to be paid to the company on account of the Indemnity Fund, and

(b) is recoverable by the company as a debt in a court of competent jurisdiction, and

(c) if payable by an insurable solicitor, is payable in addition to any contribution or levy that is payable under section 45 or 46.