New South Wales Consolidated Regulations

LEGAL PROFESSION UNIFORM GENERAL RULES 2015 - REG 91B

91B Managed investment schemes--general

For the purposes of section 258(3) of the Uniform Law, a law practice is permitted to provide legal services in relation to a managed investment scheme, despite an associate of the law practice having an interest in the scheme or the responsible entity for the scheme, if the provision of the services by the law practice does not give rise to a conflict between--

(a) the duty to serve the best interests of a client, and

(b) the interests of the associate of the law practice.

Note : See also rule 91BA in relation to litigation funding schemes.