Div 10Restriction on practice if corporation wound up

Division 10—Restriction on practice if corporation wound up 49—Supreme Court may grant authority permitting director to practise (1) A legal practitioner or Australian-registered foreign lawyer who is or has been a director of an incorporated legal practice, or a corporate entity entitled to engage in legal practice in a foreign country, during the winding up of the corporation or other corporate entity for the benefit of creditors must not, without the authority of the Supreme Court, practise the profession of the law. (1a) Authority may be granted under this section on the application of a legal practitioner or Australian-registered foreign lawyer who is or has been a director of an incorporated legal practice or other corporate entity that is being or is about to be wound up for the benefit of creditors. (1b) An application for an authority under this section must be served on the Commissioner and the Society, each of whom is entitled to be heard by the Supreme Court on the application in accordance with the rules of the Court. (2) The Supreme Court may grant an authority under this section on such conditions as it thinks fit. (3) A legal practitioner or Australian-registered foreign lawyer must not contravene or fail to comply with any condition of an authority granted by the Supreme Court under this section.