Notice of appointment
574 Notice of appointment
(1) As soon as possible after an appointment of a supervisor of trust money of a law practice is made, the Law Society must serve a notice of the appointment on:
the practice; and
(b) any other person authorised to operate any trust account of the practice; and
(c) any external examiner appointed to examine the practice's trust records; and
(d) the ADI with which any trust account of the practice is maintained; and
(e) any person whom the Society reasonably believes should be served with the notice.
The notice must:
identify the law practice and the supervisor; and
(b) indicate that the external intervention is by way of appointment of a supervisor of trust money; and
specify the term of the appointment; and
(d) specify any reporting requirements to be observed by the supervisor; and
(e) specify any conditions imposed by the Society when the appointment is made; and
(f) include a statement that the law practice may appeal against the appointment of the supervisor under section 606; and
(g) contain or be accompanied by other information or material prescribed by the regulations.
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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