Application of Part to multi-disciplinary partnerships
436 Application of Part to multi-disciplinary partnerships
The regulations may provide that specified provisions of this
Part, and any other provisions of this Act relating to the Fidelity
Fund, do not apply to multi-disciplinary partnerships or apply to them with specified modifications.
For the application of the provisions of this Part, and any other provisions of this Act relating to the Fund, to a multi-disciplinary partnership, a reference in those provisions to a default of a law practice extends to a default of a multi-disciplinary partnership or a partner or employee of a multi-disciplinary partnership, whether or not any person involved is an Australian legal practitioner, but only if it occurs in connection with the provision of legal services.
Nothing in this section affects any obligation of an Australian legal practitioner who is a partner or employee of a multi-disciplinary partnership to comply with the provisions of this
Act relating to the Fund.
The amounts payable to the Fund by the legal practitioner partners of a multi-disciplinary partnership may be determined by reference to the total number of Australian legal practitioners employed by the partnership and other relevant matters.
This provision refers to the regulations (The regulations may provide
). Made under this Act:
This Act’s bill:Explanatory statementSecond reading speech
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