Queensland Consolidated Acts

LEGAL PROFESSION ACT 2007 - SECT 367

367 Reporting requirements

(1) The law society must give the Minister a report about the fidelity fund on or before 30 September of each year.

(2) The report must—

(a) relate to the most recent financial year to end before the report is given; and

(b) include the following—

(i) details of each amount paid out of the fund under section 364 (1) (a) ;

(ii) details of each amount paid out of the fund under section 364 (1) (g) , including details about how the amount was spent;

(iii) the balance of the fund at the end of the financial year;

(iv) a matter prescribed by regulation for this subsection.

(3) Subsection (4) applies if, at any time, the Minister believes the fidelity fund is not sufficient to satisfy the liabilities of the fund at or about that time.

(4) The Minister may, by written notice to the council, require the law society to give the Minister a written report about the fund on the matters stated in the notice.

(5) The law society must comply with the requirement within 14 days after receiving the notice or within the further time allowed by the Minister.