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Legal Profession Act 2006
324Levy to supplement fidelity fund
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324 Levy to supplement fidelity fund
(1) If, at any time, the law society council considers that the fidelity fund
is not sufficient to satisfy the law society’s liabilities in relation to the
fund, the council may impose a levy of the amount that it considers
appropriate for payment into the fund.
(2) The levy is payable to the law society, on the day fixed by the law
society council, by each local legal practitioner who holds a current
unrestricted practising certificate on that day.
(3) However, the law society council may extend the time for payment
of a levy by a local legal practitioner.
Fidelity fund Division 3.4.2