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LEGAL PROFESSION ACT 2007 - SECT 361 Limitation on borrowing powers of law society for fidelity fund

LEGAL PROFESSION ACT 2007 - SECT 361

Limitation on borrowing powers of law society for fidelity fund

361 Limitation on borrowing powers of law society for fidelity fund

(1) Despite the Statutory Bodies Financial Arrangements Act 1982 , the law society can not borrow money for the purposes of the fidelity fund.
(2) Subsection (1) does not apply to an advance to the fund by the law society under section 370 .