Obligation of Australian legal practitioners to provide advice

In force

An Australian legal practitioner must advise, in writing, a plaintiff who proposes to negotiate a settlement of a claim for personal injury damages about the following—

(a)

the availability of structured settlements,

(b)

the desirability of the plaintiff obtaining independent financial advice about structured settlements and lump sum settlements of the claim.

This Act’s bill:Explanatory memorandum Second reading speech

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25 Obligation of Australian legal practitioners to provide advice