Australian Capital Territory Current Acts

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LEGAL PROFESSION ACT 2006 - SECT 380

Law society council may require information about mortgage practices

    (1)     The law society council may, by written notice, require a solicitor to provide information to the law society council about any of the following:

        (a)     whether the solicitor, an associate of the solicitor or a person engaged by the solicitor negotiates the making of or acts in relation to regulated mortgages or has done so in the past;

        (b)     details of regulated mortgages that continue to have effect;

        (c)     whether the solicitor intends—

              (i)     to nominate the solicitor's practice as a territory regulated mortgage practice; or

              (ii)     to transfer responsibility for any regulated mortgage; or

              (iii)     to take no further action in relation to any regulated mortgage;

        (d)     any other information, relating to regulated mortgages, prescribed by regulation or legal profession rules.

    (2)     A solicitor who contravenes a notice under this section commits professional misconduct.



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