112Conflicts of interest—incorporated legal practices

112 Conflicts of interest—incorporated legal practices (1) For the application of this Act or any other territory law relating to conflicts of interest to the conduct of an Australian legal practitioner (a) a legal practitioner director of an incorporated legal practice; or (b) an officer or employee of an incorporated legal practice; the interests of the practice or any related body corporate are also taken to be those of the practitioner (in addition to any interests that the practitioner has apart from this subsection). (2) The legal profession rules may make provision in relation to additional duties and obligations in relation to conflicts of interest arising out of the conduct of an incorporated legal practice. Note Under s 110 (Obligations and privileges of practitioners who are officers or employees of incorporated legal practices), an Australian legal practitioner who is an officer or employee of an incorporated legal practice must comply with the same professional obligations as other