LEGAL CONTRIBUTION TRUST ACT 1967

Table of Provisions

• Long Title

PART I -- Preliminary  

• 1 Short title
 
• 2 Commencement
 
• 4 Interpretation
 
• 4A Application of Act to multi-disciplinary partnerships and incorporated legal practices
 
• 4B Application of this Act to interstate practitioners and practitioners who engage in legal practice outside the State

PART II -- Legal Contribution Trust  

• 5 Trust established
 
• 6 Constitution of Trust
 
• 7 Meetings of Trust
 
• 8 Use of common seal
 
• 9 Functions of Trust

PART III -- Interest on trust accounts paid to Fund  

• 13 Bank to pay interest on trust accounts to Trust
 
• 14 Application of interest
 
• 15 Application of Financial Management Act 2006 and Auditor General Act 2006

PART IV -- Solicitors’ Guarantee Fund  

• 16 Guarantee Fund established
 
• 17 Investment of Guarantee Fund
 
• 18 Application of Guarantee Fund
 
• 19 Moneys payable out of Guarantee Fund
 
• 20 Claims against Guarantee Fund
 
• 21 Trust may call for claims by notice
 
• 22 Settlement of claims
 
• 23 Power of Trust to require delivery up of documents
 
• 24 Proceedings against Trust restrained
 
• 25 Proceedings to establish claims
 
• 26 Apportionment of Guarantee Fund in satisfaction of claims
 
• 26A Interim payment of claims
 
• 27 Trust subrogated to claimants to extent of payments made by it
 
• 28 Practitioners may claim in certain cases
 
• 29 Trust may insure Guarantee Fund
 
• 30 Insurance moneys to be paid to Guarantee Fund
 
• 31 Trust may instigate investigations
 
• 32 Reports to be copied to Board and Society

PART VI -- Miscellaneous  

• 51 Limitation of actions
 
• 53 Expenditure
 
• 54 General penalty
 
• 56 Regulations
• Compilation table