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Legal Profession Act 2006
128Incorporated legal practice subject to receivership under
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128 Incorporated legal practice subject to receivership under
this Act and external administration under other
legislation
(1) This section applies if a corporation that is or was an incorporated
legal practice is the subject of both—
(a) the appointment of a chapter 5 receiver; and
(b) the appointment of an external administrator.
(2) The chapter 5 receiver is under a duty to tell the external administrator
of the appointment of the chapter 5 receiver, whether the appointment
precedes, follows or happens at the same time as the appointment of
the external administrator.
(3) The chapter 5 receiver or the external administrator (or both of them
jointly) may apply to the Supreme Court for the resolution of issues
arising from or in relation to the dual appointments and their
respective powers.
(4) The Supreme Court may make any orders it considers appropriate,
and no liability attaches to the chapter 5 receiver or the external
administrator for any act or omission done by the receiver or
administrator honestly for the purpose of carrying out or acting in
accordance with the orders.
(5) The law society council is entitled to intervene in the proceeding,
chapter 5 receiver means a receiver appointed under chapter 5.
external administrator means a person who is appointed to exercise
powers under other legislation (whether or not ACT legislation) and
who is prescribed by regulation for this definition.