Notice of appointment
587 Notice of appointment
(1) As soon as possible after an appointment of a receiver for a law practice is made, the Law Society must serve a notice of the appointment on:
the practice; and
(b) any 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 who the Supreme Court directs should be served with the notice; and
(f) any person whom the Society reasonably believes should be served with the notice.
The notice must:
identify the law practice and the receiver; and
(b) indicate that the external intervention is by way of appointment of a receiver; and
specify the term (if any) of the appointment; and
(d) indicate the extent to which the receiver has the powers of a manager for the practice; and
(e) specify any reporting requirements to be observed by the receiver; and
(f) specify any conditions imposed by the Society when the appointment is made; and
(g) include a statement that the law practice may appeal against the appointment of the receiver under section 606; and
(h) 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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