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LEGAL PROFESSION UNIFORM LAW (NSW) - SECT 333
Termination of supervisor's appointment
333 Termination of supervisor's appointment
(1) The appointment of a supervisor of trust money of a law practice
terminates in the following circumstances-- (a) the term of the appointment
comes to an end;
(b) the appointment is set aside under section 358;
(c) the
appointment of a manager for the law practice takes effect;
(d) the
appointment of a receiver for the law practice takes effect;
(e) the
supervisor has distributed all trust money received by the law practice and
wound up all trust accounts;
(f) a determination of the designated local
regulatory authority that the appointment be terminated has taken effect.
(2)
The designated local regulatory authority may determine in writing that the
appointment be terminated immediately or with effect from a specified date.
(3) The designated local regulatory authority must serve a written notice of
the termination on all persons originally served with notice of the
appointment.
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