Queensland Consolidated Acts

LEGAL PROFESSION ACT 2007 - SECT 740

740 Amounts payable to and from the fidelity fund before commencement

(1) This section applies to an amount that was payable into, or was payable from, the fidelity fund as it existed from time to time before the commencement of this section.

(2) If the amount is payable into the fidelity fund and is received by the law society after the commencement, the amount must be paid into the fidelity fund.

(3) If the amount was payable from the fidelity fund before the commencement but was not paid before the commencement, it may be paid from the fidelity fund after the commencement.

(4) Also, if an amount becomes payable in relation to an act or omission before the commencement that constituted a default under a relevant law at the time that the act or omission happened, the amount may be paid from the fidelity fund after the commencement.