Queensland Numbered Acts Queensland Numbered Acts(1) This section applies if the law society decides to appoint a receiver for a law practice.
(2) The law society may, in the law society approved form, appoint a person as receiver.
(3) The appointee must be--
(a) an Australian legal practitioner who holds an unrestricted practising certificate; or
(b) a person holding accounting qualifications with experience in law practices' trust accounts;
and may, but need not, be an employee of the law society.
(4) The instrument of appointment must--
(a) identify the law practice and the receiver; and
(b) indicate that the external intervention is by way of appointment of a receiver; and
(c) state any conditions imposed by the law society when the appointment is made; and
(d) state any fees payable by way of remuneration to the receiver for carrying out his or her duties for the external intervention; and
(e) provide for any legal costs and expenses that may be incurred by the receiver for the external intervention.
(5) The instrument of appointment may state--
(a) the term, if any, of the appointment; and
(b) any reporting requirements to be observed by the receiver.