New South Wales Consolidated Regulations

LEGAL PROFESSION UNIFORM GENERAL RULES 2015 - REG 66

66 Appointment of external examiner by law practice

(1) For the purposes of section 155(1) of the Uniform Law, a law practice must, in writing, appoint a suitably qualified person (who is within a class designated under rule 65) as an external examiner.

(2) The law practice must give to the designated local regulatory authority--

(a) within 30 days after first receiving trust money (other than transit money) in the jurisdiction concerned--written notice of the external examiner appointed by the law practice as its external examiner, and

(b) within 7 days after an external examiner ceases to be the external examiner of the law practice--written notice of that fact, and

(c) within 30 days after an external examiner ceases to be the external examiner appointed by the law practice--written notice of the successor external examiner appointed by the law practice as its external examiner.

(3) The law practice may terminate the appointment of an external examiner with the prior approval of the designated local regulatory authority.

(4) The designated local regulatory authority may give approval under subrule (3) if satisfied that it is reasonable in the circumstances for the practice to terminate the appointment.

(5) The designated local regulatory authority may require the law practice to supply any evidence the designated local regulatory authority requires in order to be satisfied under subrule (4).