Western Australian Numbered Acts

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LEGAL PROFESSION ACT 2008 (NO. 21 OF 2008) - SECT 388

388 .         Application of interest

        (1)         In this section —

        “community legal centre” means a not-for-profit body, one of the main functions of which is the delivery of free or substantially subsidised legal services to a disadvantaged section of the community or community legal education;

        “Legal Aid Commission” means the Legal Aid Commission of Western Australia established under the Legal Aid Commission Act 1976 section 6;

        “Legal Aid Fund” means the Legal Aid Fund of Western Australia referred to in the Legal Aid Commission Act 1976 section 52;

        “peak organisation” means an incorporated body that provides representation, coordination or support services to advance the purposes of community legal centres.

        (2)         The Trust must pay all money received under section 387 to the credit of an account called the “Trust Interest Account”.

        (3)         Money in the Trust Interest Account must, subject to subsection (5) —

            (a)         be applied, firstly, in payment of the costs and expenses, other than those mentioned in section 336(3), of administering the Trust; and

            (b)         be paid, secondly, to the Guarantee Fund, until the Guarantee Fund is in credit in such amount of not less than $100 000 as the Minister and the Law Society may, from time to time, by agreement determine.

        (4)         Once the Guarantee Fund has been in credit in the amount provided by subsection (3)(b), the money in the Trust Interest Account must, subject to subsection (5) be paid —

            (a)         in maintaining the Guarantee Fund in credit to that amount; and

            (b)         as to 50% of the balance, to the Legal Aid Commission to be applied to the Legal Aid Fund; and

            (c)         as to the remainder —

                  (i)         to the Legal Aid Commission, to be applied to the Legal Aid Fund; or

                  (ii)         to the Law Society, to be applied in the furtherance of law reform, legal research and legal education, or any of those things; or

                  (iii)         to a body, whether corporate or not, for the purposes of which money has been appropriated by Parliament and which is charged with the functions of law reform; or

                  (iv)         to any prescribed community legal centre, to be substantially applied to funding the provision by that centre of legal services or community legal education; or

                  (v)         to any prescribed peak organisation, to be substantially applied to funding the provision by that organisation of representation, coordination or support services to advance the purposes of community legal centres,

                in such amounts or in such proportions as the Minister may, after consultation with the Law Society, from time to time, approve or determine.

        (5)         Despite subsections (3) and (4), if the Trust effects a policy or policies of insurance indemnifying the Guarantee Fund in the amount of $100 000 or such lesser amount as may, taking into account the amount in which the Guarantee Fund is in credit, be required to indemnify the Guarantee Fund in the balance of the amount of $100 000, the money in the Trust Interest Account must —

            (a)         be applied, firstly, as provided by subsection (3)(a); and

            (b)         be applied, secondly, in payment of the premiums payable under the policy or policies of insurance; and

            (c)         be paid, thirdly, to the credit of the Guarantee Fund in such amounts as the Minister and the Law Society may, from time to time, by agreement, determine; and

            (d)         be paid, finally, and applied as provided in subsection (4)(b) and (c).

        (6)         The costs and expenses of administering the Trust include such fees and allowances to the trustees, or any of them, as may be prescribed.



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