AustLII Tasmanian Consolidated Acts

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LEGAL PROFESSION ACT 2007 - SECT 530

Termination of supervisor's appointment

(1)  The appointment of a supervisor of trust money of a law practice terminates in the following circumstances:
(a) the term of appointment comes to an end;
(b) the appointment is set aside under section 557 (Appeal against appointment);
(c) the appointment of a manager for the practice takes effect;
(d) the appointment of a receiver for the practice takes effect;
(e) the supervisor has distributed all trust money received by the practice and wound up all trust accounts;
(f) a determination of the prescribed authority that the appointment be terminated has taken effect.
(2)  The prescribed authority may determine in writing that the appointment be terminated immediately or with effect from a specified date.
(3)  The prescribed authority must serve a written notice of the termination on all persons originally served with notice of the appointment.
PART 5.4 - Managers



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