LEGAL PROFESSION ACT 1987 - SECT 47C Nature of incorporated legal practice

This legislation has been repealed.

LEGAL PROFESSION ACT 1987 - SECT 47C

47C Nature of incorporated legal practice

(1) An incorporated legal practice is a corporation that provides legal services.

(2) Any incorporated legal practice may provide any other service and conduct any other business that the corporation may lawfully provide or conduct (other than a managed investment scheme within the meaning of Chapter 5C of the Corporations Act 2001 of the Commonwealth).

(3) However, a corporation is not an incorporated legal practice if:

(a) the corporation does not receive any form of, or any expectation of, a fee, gain or reward for the legal services it provides, or

(b) the only legal services that the corporation provides are in-house legal services, namely, legal services concerning a proceeding or transaction to which the corporation (or a related body corporate within the meaning of section 50 of the Corporations Act 2001 of the Commonwealth) is a party, or

(c) the regulations exempt the corporation from this Part.