Queensland Consolidated Acts

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Law practice referral through sale of business

325M Law practice referral through sale of business

(1) This section applies if—
(a) a law practice (the
"current practice" ) sells all or part of the law practice’s business to another law practice (the
"new practice" ); and
(b) as part of the sale, a claimant is to be referred to the new practice; and
(c) the claimant has not or will not have lodged an application for compensation or given a notice of claim for damages before the referral occurs.
(2) The supervising principal of the current practice must, before the referral occurs—
(a) complete a law practice certificate for the claim; and
(b) give the law practice certificate to the new practice and a copy of the certificate to the claimant.
Maximum penalty—300 penalty units.
(3) If the new practice does not receive the law practice certificate mentioned in subsection (2) , the supervising principal of the new practice must, as soon as practicable—
(a) complete a notice that states the new practice has not received the certificate; and
(b) give the notice to the insurer.

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