LEGAL PROFESSION ACT 2007 - SECT 493
Main purpose of ch 5
LEGAL PROFESSION ACT 2007 - SECT 493
Main purpose of ch 5
493 Main purpose of ch 5
(1) The main purpose of this chapter is to ensure that an appropriate range of
options is available for intervention in the business and professional affairs
of law practices and Australian-registered foreign lawyers for the purpose of
protecting the interests of—
(a) the general public; and
(b) clients; and
(c) lawyers, including the owners and employees of law practices, so far as
their interests are not inconsistent with the interests of the general public
and clients.
(2) It is intended that interventions happen consistently
with—
(a) similar interventions in other jurisdictions, especially if a law
practice operates in this jurisdiction and 1 or more other jurisdictions; and
(b) other provisions of this Act.
Note—
This chapter—
(a) applies to all
law practices, regardless of whether they are incorporated under the
Corporations Act ; and
(b) is intended to apply so that it, rather than the
Corporations Act or the Bankruptcy Act 1966 (Cwlth) , applies in relation to
the winding-up of trust property and the carrying on of a law practice by an
external intervener.
