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LEGAL PROFESSION ACT 2007 - SECT 354
Continuing obligation for professional indemnity insurance
354 Continuing obligation for professional indemnity insurance
(1) A local legal practitioner must not engage in legal practice in this
jurisdiction, or represent or advertise that the practitioner is entitled to
engage in legal practice in this jurisdiction, unless— (a) if conditions are
imposed under section 353 on the practitioner’s practising certificate—the
practitioner complies with the conditions; and
(b) if the practitioner must,
under that section, have professional indemnity insurance—the practitioner
complies with the requirements prescribed under a regulation mentioned in
section 353 (3) for professional indemnity insurance.
Penalty— Maximum
penalty—300 penalty units or 2 years imprisonment.
(2) If a person must,
under section 353 , have professional indemnity insurance and the person
becomes aware that the person will not be covered by professional indemnity
insurance that complies with the requirements prescribed under a regulation
mentioned in section 353 (3) , the person must notify the regulatory authority
of that fact, in the approved form.
(3) A contravention of subsection (1) or
(2) is capable of constituting unsatisfactory professional conduct or
professional misconduct.
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