395
CurrentPayments for defaults
Chapter 3Conduct of legal practice
Part 3.6Fidelity cover
Division 8Payments from fidelity fund for defaults
395 Payments for defaults
(1)
The fidelity fund is to be applied by the law society for compensating claimants in relation to claims allowed under this part for defaults to which this part applies.
(2)
An amount payable from the fidelity fund in relation to a claim is payable to—
(a)
the claimant; or
(b)
another person at the claimant’s direction.
This Act’s bill:Explanatory memorandum
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