AustLII Tasmanian Consolidated Acts

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LEGAL PROFESSION ACT 2007 - SECT 657

Trust not obliged to pay liquidator's costs

Notwithstanding section 16 of the Acts Interpretation Act 1931 , the Trust is not obliged to apply the funds of the Guarantee Fund in payment of any remuneration payable to, and costs incurred by, a liquidator appointed under section 601EE of the Corporations Act 2001 of the Commonwealth to wind up an unregistered managed investment scheme operated by a law practice on the application of the Australian Securities and Investments Commission or a member of that scheme.



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