AustLII Tasmanian Consolidated Acts

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LEGAL PROFESSION ACT 2007 - SECT 369

Default order

(1)  Any person may apply to the Supreme Court for an order that there has been, or may have been, a default by a law practice.
(2)  If the Supreme Court makes an order under subsection (1) , the Supreme Court may make any or all of the following orders:
(a) where a claim has been wholly or partly allowed by the Trust, an order that the Trust compensate any claimants from the Guarantee Fund;
(b) an order appointing an external intervener under Part 5.6 ;
(c) an order that money standing to the credit of any trust account or general trust account of a law practice be paid into the Guarantee Fund.
(3)  Any money paid into the Guarantee Fund is free from any equity which may affect a trust account or any property from which that money was derived.



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