Northern Territory Consolidated Acts Northern Territory Consolidated Acts(1) The Legal Practitioners' Trusts Committee continues in existence for Division 8.
Note for subsection (1)
Under Division 8, the Committee has functions relating to the former trust account provisions under that Division.
(2) Subsection (1) applies as if Part VII, Division 7, of the repealed Act had not been repealed.
(3) The Committee ceases to exist on the day after the payment date under Division 8.
(4) On that day, the assets and liabilities of the Committee vest in the Legal Practitioners Funds Management Committee.