Western Australian Current Acts

LEGAL PROFESSION UNIFORM LAW APPLICATION ACT 2022 - SECT 158

158 .         Application for arrangement insurance for whole financial year

        (1)         In this section —

        renewal day means —

            (a)         a day fixed by the Law Society in respect of a particular financial year by notice published in the Gazette not later than 15 April in that year; or

            (b)         if no day is fixed under paragraph (a) — 15 May.

        (2)         A PII entity may, on or before the renewal day in a financial year, apply to the Law Society for arrangement insurance —

            (a)         in the local approved form; and

            (b)         by providing the documents or other information required by the local approved form; and

            (c)         by paying to the Law Society —

                  (i)         the annual contribution assessed under Subdivision 2; and

                  (ii)         any other amount prescribed by the local regulations; and

                  (iii)         if the Law Society fixes an administration levy under section 169(1) in relation to the PII entity — the levy; and

                  (iv)         if the PII entity owes any amount payable in relation to a previous period of insurance — the owed amount.

        (3)         A PII entity may, after the renewal day in a financial year and on or before 30 June in that financial year, apply to the Law Society for arrangement insurance —

            (a)         by complying with subsection (2)(a) to (c); and

            (b)         by paying to the Law Society any late fee prescribed by the local regulations.

        (4)         If the PII entity applies in accordance with subsection (2) or (3), the Law Society must grant the application for arrangement insurance for the financial year.

        (5)         If the Law Society grants a PII entity’s application under subsection (4), the Law Society must give the PII entity a certificate of insurance.