Australian Capital Territory Current Acts

LEGAL PROFESSION ACT 2006 - SECT 486

    (1)     The appointment of a supervisor of trust money of a law practice ends in the following circumstances:

        (a)     the term of the appointment ends;

        (b)     the appointment is set aside under section 514 (Appeal against appointment of supervisor or manager);

        (c)     the appointment of a manager for the practice takes effect;

        (d)     the appointment of a receiver for the practice takes effect;

        (e)     the supervisor has distributed all trust money received by the practice and wound up all trust accounts;

        (f)     a decision of the law society council that the appointment be ended takes effect.

    (2)     The law society council may decide that the appointment be ended immediately or with effect from a stated date.

    (3)     The law society council must give written notice of the ending of the appointment to everyone given notice of the appointment.