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LEGAL PROFESSION ACT 2007 - SECT 535 Fees, legal costs and expenses

LEGAL PROFESSION ACT 2007 - SECT 535

Fees, legal costs and expenses

535 Fees, legal costs and expenses

(1) An external intervener for a law practice is entitled to be paid all of the following under an agreement entered into with the law society about the external intervention
(a) fees by way of remuneration;
(b) the legal costs and expenses incurred in relation to the external intervention.
(2) An account of the external intervener for fees, costs and expenses may, on application of the law society, be taxed or assessed.
(3) The fees, costs and expenses are payable by and recoverable from the law practice.
(4) Fees, costs and expenses not paid to the external intervener by the law practice are to be paid by the law society.
(5) The law society may recover the fees, costs and expenses payable under subsection (4) from the fidelity fund to the extent that the external intervention related to a default for which the fidelity fund was, or may be, liable.
(6) The law society may recover any unpaid fees, costs and expenses from the law practice.
(7) If an amount of fees, costs and expenses is paid by, or recovered from, the law practice and an amount for the fees, costs and expenses was paid from the fidelity fund, the amount paid by or recovered from the law practice is to be paid to the fidelity fund.