504Lien for costs on regulated property

504 Lien for costs on regulated property (a) a receiver has been appointed for a law practice; and (b) the practice, or a legal practitioner associate of the practice, claims a lien for legal costs on regulated property of the practice. (2) The receiver may give the law practice or the legal practitioner associate a written notice requiring the practice or associate to give the receiver within a stated period of not less than 1 month— (a) particulars sufficient to identify the regulated property; and (b) a detailed bill of costs. (3) If the law practice or legal practitioner associate asks the receiver in writing to give access to the regulated property that is reasonably necessary to enable the practice or associate to prepare a bill of costs to comply with subsection (2), the time allowed under that subsection does not start to run until the access is provided. (4) If a requirement of a notice under subsection (2) is not complied with, the receiver may disregard the legal practitioner associate’s claim in dealing with the regulated property claimed to be subject to the lien.