sec.413Application of part to incorporated legal practices

### sec.413 Application of part to incorporated legal practices A regulation may provide that stated provisions of this part, and other provisions of this Act relating to the fidelity fund, do not apply to incorporated legal practices or apply with stated changes. For the application to an incorporated legal practice of the provisions of this part and other provisions of this Act relating to the fidelity fund, a reference in those provisions to a default of a law practice extends to a default of an incorporated legal practice, but only if it happens in connection with the provision of legal services. Nothing in this section affects any obligation of an Australian legal practitioner who is an officer or employee of an incorporated legal practice to comply with the provisions of this Act relating to the fidelity fund. An incorporated legal practice is required to make payments to or on account of the fidelity fund under this Act as if it were an Australian lawyer applying for or holding a local practising certificate from the law society. The incorporated legal practice must not engage in legal practice in this jurisdiction if any payment is not made by the due date and while the practice remains in default of subsection (4) . The law society may suspend the local practising certificate of a legal practitioner director of the practice if any payment is not made by the due date. The amounts payable to the fidelity fund by an incorporated legal practice may be decided by reference to the total number of Australian legal practitioners employed by the practice and other relevant matters. (sec.413-ssec.1) A regulation may provide that stated provisions of this part, and other provisions of this Act relating to the fidelity fund, do not apply to incorporated legal practices or apply with stated changes. (sec.413-ssec.2) For the application to an incorporated legal practice of the provisions of this part and other provisions of this Act relating to the fidelity fund, a reference in those provisions to a default of a law practice extends to a default of an incorporated legal practice, but only if it happens in connection with the provision of legal services. (sec.413-ssec.3) Nothing in this section affects any obligation of an Australian legal practitioner who is an officer or employee of an incorporated legal practice to comply with the provisions of this Act relating to the fidelity fund. (sec.413-ssec.4) An incorporated legal practice is required to make payments to or on account of the fidelity fund under this Act as if it were an Australian lawyer applying for or holding a local practising certificate from the law society. (sec.413-ssec.5) The incorporated legal practice must not engage in legal practice in this jurisdiction if any payment is not made by the due date and while the practice remains in default of subsection (4) . (sec.413-ssec.6) The law society may suspend the local practising certificate of a legal practitioner director of the practice if any payment is not made by the due date. (sec.413-ssec.7) The amounts payable to the fidelity fund by an incorporated legal practice may be decided by reference to the total number of Australian legal practitioners employed by the practice and other relevant matters.