New South Wales Consolidated Regulations

LEGAL PROFESSION UNIFORM GENERAL RULES 2015 - REG 91BA

91BA Managed investment schemes--litigation funding schemes

(1) A litigation funding scheme is specified as a kind of scheme for the purposes of section 258(1A)(c) of the Uniform Law.

(2) 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 scheme is a litigation funding scheme.

(3) In this rule,
"litigation funding scheme" means a litigation funding scheme mentioned in the Corporations Regulations 2001 of the Commonwealth, regulation 7.1.04N(3), as in force immediately before its repeal.

(4) This rule applies to a litigation funding scheme entered into on or after 22 August 2020 and before 10 December 2022.