Section 4 is
amended as follows:
(a) by
inserting before “In this Act” the subsection designation
“(1)”;
(b) by
deleting the definition of “Board”;
(c) by
inserting in the appropriate alphabetical positions the following
definitions —
“
“bank” means —
(a) an
ADI (authorised deposit-taking institution) as defined in section 5 of
the Banking Act 1959 of the Commonwealth; or
(b) a
bank constituted by a law of a State or the Commonwealth;
“prescribed” means prescribed by the
regulations;
”;
(d) by
deleting the definition of “practitioner” and inserting
instead —
"practitioner" has the same meaning as
“legal practitioner” in the Legal Practice Act 2003 and, for
the purposes of Parts III and IV, where a practitioner practises in
partnership with other practitioners, and no other person, the expression
includes the partnership;
”;
(e) in
the definition of “professional defalcation” by deleting
“clerks or servants” and inserting instead —
“ employees ”;
(f) in
the definition of “trust account” by deleting “
Legal Practitioners Act 1893 ” and inserting instead —
(2) At the end of
section 4 the following subsection is inserted —
“
(2) A word or expression used in this Act has the same
meaning as it has in the Legal Practice Act 2003 unless —
(a) this
Act gives it another meaning; or
(b) the
contrary intention appears.
”.