Tasmanian Numbered Acts

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LEGAL PROFESSION AMENDMENT ACT 2002 (NO. 26 OF 2002) - SECT 11

Section 116 amended (Administration of Court fund)
Section 116 of the Principal Act is amended by omitting subsection (3) and substituting the following subsections:
(3)  The Trust may enter into an agreement for the compromise or settlement of –
(a) any claim made; or
(b) any right to make a claim –
against a Court fund whether or not the loss to which the claim relates has been ascertained.
(3A)  The Trust may do all things necessary or convenient to enter into or perform an agreement under subsection (3) including entering into an agreement with a liquidator appointed in the circumstances referred to in section 108(2)(a)(iii) or a manager appointed under section 119(2)(b) .



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