Western Australian Current Acts

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LEGAL PROFESSION UNIFORM LAW APPLICATION ACT 2022 - SECT 164

164 .         Method of assessing annual contribution for PII arrangement

        (1)         In this section —

        unrestricted legal practitioner means an Australian legal practitioner who holds a practising certificate that is not subject to a condition that the practitioner must engage in supervised legal practice only.

        (2)         The Law Society must determine a method of assessment of annual contributions of PII entities.

        (3)         The method of assessment determined under subsection (2) may take into account any matter the Law Society considers relevant, including —

            (a)         the gross past or estimated future fee income of a PII entity; and

            (b)         the professional indemnity insurance claims history of a PII entity; and

            (c)         the amount of excess a PII entity will pay in relation to a claim; and

            (d)         the area of practice of a PII entity; and

            (e)         if a PII entity is an Australian legal practitioner — whether the practitioner has implemented and observed good risk management practices, including attending risk management seminars; and

            (f)         if a PII entity is not an Australian legal practitioner —

                  (i)         whether the PII entity has implemented and observed good risk management practices, including the attendance of the principals and employees of the PII entity at risk management seminars; and

                  (ii)         if the PII entity has not previously paid an annual contribution — the professional indemnity insurance claims history of the principals and employees of the PII entity;

                and

            (g)         if a PII entity is a law firm —

                  (i)         the types of services provided by the law firm and the proportion of those services that are legal services; and

                  (ii)         the business structure of the law firm; and

                  (iii)         the number of principals in the law firm; and

                  (iv)         the number of Australian legal practitioners employed by the law firm; and

                  (v)         the number of persons employed by the law firm;

                and

            (h)         if a PII entity is an unincorporated legal practice —

                  (i)         the number of lay associates of the legal practice; and

                  (ii)         the number of associates of the legal practice who are Australian legal practitioners; and

                  (iii)         the number of partners or other persons in control of the legal practice who are not Australian legal practitioners; and

                  (iv)         the types of services provided by the legal practice and the proportion of those services that are legal services;

                and

                  (i)         if a PII entity is an incorporated legal practice —

                  (i)         the number of directors of the legal practice who are not unrestricted legal practitioners; and

                  (ii)         the number of officers of the legal practice and how many are Australian legal practitioners.



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