LEGAL PROFESSION ACT 2007 - SECT 414
Application of part to multi-disciplinary partnerships
LEGAL PROFESSION ACT 2007 - SECT 414
Application of part to multi-disciplinary partnerships
414 Application of part to multi-disciplinary partnerships
(1) A regulation may provide that stated provisions of this part, and other
provisions of this Act relating to the fidelity fund, do not apply to
multi-disciplinary partnerships or apply with stated changes.
(2) For the
application to a multi-disciplinary partnership of the provisions of this part
and other provisions of this Act relating to the fidelity fund, a reference in
those provisions to a default of a law practice extends to a default of a
multi-disciplinary partnership, or a partner or employee of a
multi-disciplinary partnership, whether or not any person involved is an
Australian legal practitioner, but only if it happens in connection with the
provision of legal services.
(3) Nothing in this section affects any
obligation of an Australian legal practitioner who is a partner or employee of
a multi-disciplinary partnership to comply with the provisions of this Act
relating to the fidelity fund.
(4) The amounts payable to the fidelity fund
by the legal practitioner partners of a multi-disciplinary partnership may be
decided by reference to the total number of Australian legal practitioners
employed by the partnership and other relevant matters.