276
CurrentLaw practice liable for costs of examination
Chapter 3Conduct of legal practice
Part 3.1Trust money and trust accounts
Division 3Investigations and external examinations
Subdivision 2External examinations
276 Law practice liable for costs of examination
(1)
A law practice whose trust accounts have been externally examined must pay the costs of the examination.
(2)
If the Law Society appointed the external examiner to carry out the examination, the Society may specify the amount payable as the costs of the examination and the specified amount is a debt payable to it by the law practice.
(3)
The Society must, before seeking to recover the amount payable, give the law practice an information notice for the Society's decision and the amount specified as being payable.
This Act’s bill:Explanatory statementSecond reading speech
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