Victorian Current Acts

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LEGAL PROFESSION UNIFORM LAW APPLICATION ACT 2014 - SECT 136

General Account

    (1)     There must be paid into the Public Purpose Fund and credited to the General Account

        (a)     any fine imposed by an order of VCAT; and

        (b)     any money transferred to the Public Purpose Fund from the fidelity fund under section 147; and

        (c)     any money derived from any investment of the Public Purpose Fund; and

        (d)     any profit arising on the realisation or revaluation of any investment of the Public Purpose Fund; and

        (e)     any fees that are paid to the Victorian Legal Services Board in relation to an application for, or the grant or renewal of, an Australian practising certificate; and

        (f)     any other money received by the Victorian Legal Services Board that is not by this Part required to be credited to another account in the Public Purpose Fund or to the fidelity fund.

    (2)     Without limiting subsection (1)(f), the money referred to in that section includes all amounts received in accordance with arrangements made with ADIs under section 87.

    (3)     There must be debited to the General Account

        (a)     first—

              (i)     any amount required to be paid under section 139 as Victoria's contribution to the funding of the Legal Profession Uniform Framework; and

              (ii)     any amount required to be paid under section 140 to meet the expenses and liabilities of the Victorian Legal Services Board; and

              (iii)     any amount required to be paid under section 141 to meet the expenses and liabilities of the Victorian Commissioner; and

              (iv)     any amount required to be paid to VCAT under section 142; and

              (v)     any money required to be paid to an external intervener or to a law practice out of the Public Purpose Fund under Chapter 6 of the Legal Profession Uniform Law (Victoria); and

              (vi)     any loss incurred on the realisation or revaluation of any investment of the Public Purpose Fund; and

              (vii)     any amount determined by the Auditor-General to defray the reasonable costs and expenses of an audit of the accounts of the Public Purpose Fund; and

              (viii)     any amount for which the Victorian Legal Services Board or the Victorian Commissioner are liable under a judgment or order for the recovery or payment of money given or made by a court in a proceeding; and

S. 136(3)(a)(ix) amended by No. 15/2018 s. 45.

              (ix)     any amount required to meet the reasonable expenses of the Victorian Legal Admissions Board in performing functions under the Legal Profession Uniform Law (Victoria) and this Act, including the fees of members and the remuneration of employees and consultants (to the extent that those expenses are not met from admission fees under section 72 or 72A); and

        (b)     secondly, any amount paid to a local professional association under section 148 for continuing legal education or other programs; and

        (c)     thirdly, any amount paid to the fidelity fund under section 147; and

        (d)     fourthly, the amount required to be credited to the Distribution Account under section 138.



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