Investigation of defaults to which corresponding law applies
427 Investigation of defaults to which corresponding law applies
(1) This section applies if a default appears to be a default to which a corresponding law applies and to have:
occurred solely in this jurisdiction; or
(b) occurred in more than one jurisdiction (including this jurisdiction); or
(c) occurred in circumstances in which it cannot be decided precisely in which jurisdiction the default occurred.
(2) The Law Society may act as agent of a corresponding authority, if requested to do so by the corresponding authority, for processing or investigating a claim about the default or aspects of the claim.
(3) If the Society agrees to act as agent of a corresponding authority under subsection (2), the Society may exercise any of its powers or functions in relation to processing or investigating the claim or aspects of the claim as if the claim had been made under this Part.
This Act’s bill:Explanatory statementSecond reading speech
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