Division 5 General

48ZA   Local legal practitioner receiving trust money interstate

A local legal practitioner must deal with trust money received in the course of practising outside this State (other than trust money received in the course of practising in another State or a Territory in which the practitioner has established an office) in accordance with Part 6 as if the trust money had been received in the course of practising in this State.

48ZB   Regulatory authority may exercise powers conferred by corresponding law

A regulatory authority in this State may exercise in respect of a local legal practitioner or an interstate legal practitioner any function under a corresponding law conferred on it by the corresponding law.

48ZC   Agreements and arrangements with other regulatory authorities

A regulatory authority of this State may make agreements or arrangements with a regulatory authority of another State or a Territory for or with respect to:

(a)  the investigation of complaints,

(b)  professional indemnity insurance,

(c)  fidelity fund contributions and payments,

(d)  trust account inspections,

(e)  the appointment of managers and receivers,

(f)  the exchange of information under section 48Y.

48ZD   Professional indemnity insurance where no office established in this State

(1)  If the indemnity under a policy of indemnity insurance in force in respect of an interstate legal practitioner who has not established an office in this State is less than that required to be maintained by an interstate legal practitioner to whom section 48U applies, the interstate legal practitioner must disclose the difference to a client before he or she is retained by the client.

(2)  A contravention of this section does not of itself amount to a breach of this Act. However, failure to comply with this section is capable of being professional misconduct or unsatisfactory professional conduct.