(1)  A mortgage investment scheme does not form part of a law practice or an Australian legal practitioner's practice.

(2)  A claim may not be made against the Guarantee Fund under Part 3.5 for pecuniary loss arising from an investment in a mortgage investment scheme.

(3)  A claim may not be made against the professional indemnity insurance held by the law practice for any loss arising from an investment in a mortgage investment scheme.