New South Wales Consolidated Acts

LEGAL PROFESSION UNIFORM LAW APPLICATION ACT 2014 - SECT 115

115 Establishment of Legal Practitioners Fidelity Fund

(1) The Law Society must maintain and manage a Legal Practitioners Fidelity Fund.

(2) The Fidelity Fund consists of--

(a) all money (including invested money) forming part of the Legal Practitioners Fidelity Fund under the Legal Profession Act 2004 immediately before the commencement of this section, and

(b) the money paid on account of the Fidelity Fund as annual contributions or as levies under Part 4.5 of the Legal Profession Uniform Law (NSW) , and

(c) the interest or other income accruing from investment of the money in the Fidelity Fund, and

(d) money paid to the Fidelity Fund from the Public Purpose Fund, and

(e) any other money lawfully paid to the Fidelity Fund.

(3) The amount of an annual contribution or levy under Part 4.5 of the Legal Profession Uniform Law (NSW) requires the approval of the Attorney General despite that Part.

(4) The Fidelity Fund is the property of the Law Society and is to be applied in accordance with this Part.