(1)  The regulations may provide that specified provisions of this Part, and any other provisions of this Act or any legal profession rule relating to the Guarantee Fund, do not apply to incorporated legal practices or apply to them with specified modifications.

(2)  For the purposes of the application of the provisions of this Part, and any other provisions of this Act or any legal profession rule relating to the Guarantee Fund, to an incorporated legal practice, a reference in those provisions to a default of a law practice extends to a default of an incorporated legal practice, but only if it occurs in connection with the provision of legal services.

(3)  Nothing in this section affects any obligation of an Australian legal practitioner who is an officer or employee of an incorporated legal practice to comply with the provisions of this Act or any legal profession rule relating to the Guarantee Fund.