LEGAL PROFESSION ACT 2007 - SECT 504 Termination of supervisor’s appointment

LEGAL PROFESSION ACT 2007 - SECT 504

504 Termination of supervisor’s appointment

(1) The appointment of a supervisor of trust money of a law practice terminates in the following circumstances—

(a) the term of the appointment comes to an end;

(b) the appointment is declared invalid or terminated under section 531 ;

(c) the appointment of a manager for the practice takes effect;

(d) the appointment of a receiver for the practice takes effect;

(e) the supervisor has distributed all trust money received by the practice and wound up all trust accounts;

(f) a termination of the appointment by the law society takes effect.

(2) The law society may, by written notice to the supervisor, terminate the supervisor’s appointment on or after a day stated in the notice.

(3) The law society must give a copy of the notice under subsection (2) to the persons originally given a notice of appointment.