48—Remuneration etc of persons appointed to exercise powers conferred by
this Division
(1) A supervisor or
manager appointed under this Division is, subject to subsection (3),
entitled to such remuneration, allowances and expenses as may be determined by
the Society.
(2) Any such
remuneration, allowances and expenses will be paid out of the Fidelity Fund.
(3) The account of a
supervisor or manager for remuneration, allowances and expenses may, on the
application of the Attorney-General or the Society, be adjudicated and settled
by the Supreme Court.
(4) The Society may
recover, as a debt due to it, the costs, charges and disbursements appropriate
to legal work performed by a manager appointed under this Division.
(5) The Society may
recover as a debt from a legal practitioner or former legal practitioner any
expenditure (other than expenditure recouped under subsection (4)) from
the Fidelity Fund in consequence of the appointment of a supervisor or manager
for the practice of that practitioner or former practitioner.
(5a) A manager must,
in dealing with money in the course of the management of the practice of a
legal practitioner or former legal practitioner, give priority to payment of
amounts recoverable by the Society under subsections (4) or (5).
(6) Any amount
recovered by the Society under subsection (4) or (5) must be paid into
the Fidelity Fund.
(7) A supervisor or
manager incurs no liability by reason of an act or omission in good faith and
in the exercise of powers or functions under this Division.