380
CurrentContinuing obligation for professional indemnity insurance
Chapter 3Conduct of legal practice
Part 3.4Professional indemnity insurance
380 Continuing obligation for professional indemnity insurance
An Australian legal practitioner is guilty of an offence if the practitioner:
(a)
is a principal or employee of a law practice; and
(b) becomes aware that the practitioner will not be covered by approved professional indemnity insurance; and
(c) fails to give the Law Society written notice of that fact in the approved form as soon as practicable after becoming aware of that fact.
Maximum penalty: 500 penalty units.
This Act’s bill:Explanatory statementSecond reading speech
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