Payment of annual contributions
393 Payment of annual contributions
A local legal practitioner who is a member of a class of practitioner mentioned in section 392(1) must, before 1 July in each year, pay to the Funds Management Committee the contribution prescribed by the regulations for the Fidelity Fund for the period of
12 months beginning on that date.
If a legal practitioner applies for a practising certificate for a period of less than 12 months, the practitioner must, in relation to the period, pay to the Committee a contribution that bears to the prescribed contribution the same proportion as the period bears to a year.
If an interstate legal practitioner gives notice of starting to engage in legal practice in this jurisdiction, the practitioner must, for the period the practice is established, pay to the Committee a contribution that bears to the prescribed contribution the same proportion as the period bears to a year.
If a lawyer is registered as a locally-registered foreign lawyer the lawyer must, for the period of registration, pay to the Committee a contribution that bears to the prescribed contribution the same proportion as the period bears to a year.
This provision refers to the regulations (prescribed by the regulations
). Made under this Act:
This Act’s bill:Explanatory statementSecond reading speech
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