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LEGAL CONTRIBUTION TRUST ACT 1967 - SECT 56

This legislation has been repealed.

LEGAL CONTRIBUTION TRUST ACT 1967 - SECT 56

56 .         Regulations

        (1)         The Governor may make regulations for any purpose for which regulations are contemplated and required by this Act and may make all such other regulations as may, in the opinion of the Governor, be necessary or convenient for giving full effect to the provisions of, and for the better and more convenient administration of, this Act.

        (2)         Without limiting the generality of subsection (1), the Governor may make regulations —

            (a)         for the purposes of section 4A, making provision as to the application of this Act to incorporated legal practices and multi-disciplinary partnerships;

            (aa)         for the purposes of section 13, prescribing —

                  (i)         the percentage of interest to be paid to the Trust;

                  (ii)         the times at which interest is to be paid to the Trust;

                  (iii)         the rate at which interest is to be paid, or how the rate is to be determined; and

                  (iv)         the relevant period;

            (b)         specifying the occasions upon which moneys accruing to the credit of the Trust Interest Account shall be applied as provided by section 14;

            (c)         prescribing the manner of making claims for the payment of compensation from the Guarantee Fund;

            (d)         prescribing the method of making payments, whether by periodical payments or otherwise, and the amounts of payments, from the Guarantee Fund, by way of compensation;

            (e)         prescribing the mode of proof (including a requirement for the furnishing of statutory declarations) of, and the onus of proof in respect of, matters requiring to be proved for the purposes of this Act;

            (f)         prescribing the forms, registers and records, their use and the matters to be recorded in them, under and for the purposes of this Act;

            (g)         so as to require a matter or thing affected by the regulations to be in accordance with a specified requirement or as approved by a specified person or body and so as to delegate to, and confer upon, a specified person or body a discretionary authority; and

            (h)         imposing a penalty not exceeding $500 for the breach of any of the regulations.

        [Section 56 amended by No. 10 of 1972 s. 5; No. 86 of 1990 s. 11; No. 65 of 2003 s. 86; No. 74 of 2003 s. 76.]