Legal Profession Act 2007

An incorporated legal practice must not engage in legal practice in this jurisdiction unless it has professional indemnity insurance that complies with the requirements prescribed under a regulation about professional indemnity insurance for an incorporated legal practice.

for a person guilty under the Criminal Code, chapter 2, of an offence—300 penalty units or 2 years imprisonment; or

for a corporation—1,500 penalty units.

An incorporated legal practice engaging in legal practice in this jurisdiction must comply with its obligations under the indemnity rules.

for a person guilty under the Criminal Code, chapter 2, of an offence—300 penalty units or 2 years imprisonment; or

for a corporation—1,500 penalty units.

Failure by a legal practitioner director of an incorporated legal practice to ensure that the incorporated legal practice complies with subsection (1) or (2) is capable of constituting professional misconduct.