LEGAL PROFESSION ACT 2007 - SECT 369
Levy for benefit of fidelity fund
LEGAL PROFESSION ACT 2007 - SECT 369
Levy for benefit of fidelity fund
369 Levy for benefit of fidelity fund
(1) This section applies if, at a particular time, the law society believes
that the fidelity fund is not sufficient to satisfy the liabilities of the
fidelity fund at or about that time.
(2) The law society may, by resolution,
impose on each local legal practitioner who must pay a contribution under
section 368for the relevant financial year, or local legal practitioners of a
particular class, a levy of an amount that the law society considers
reasonable.
(3) Without limiting section 231, the administration rules of
the law society may provide for different levies to be payable by different
classes of local legal practitioners or law practices.
(4) The amount of the
levy is payable into the fidelity fund by a date and in a way stated in the
resolution.
