sec.493Main purpose of ch 5

### sec.493 Main purpose of ch 5 The main purpose of this chapter is to ensure that an appropriate range of options is available for intervention in the business and professional affairs of law practices and Australian-registered foreign lawyers for the purpose of protecting the interests of— the general public; and clients; and lawyers, including the owners and employees of law practices, so far as their interests are not inconsistent with the interests of the general public and clients. It is intended that interventions happen consistently with— similar interventions in other jurisdictions, especially if a law practice operates in this jurisdiction and 1 or more other jurisdictions; and other provisions of this Act. This chapter— applies to all law practices, regardless of whether they are incorporated under the Corporations Act ; and is intended to apply so that it, rather than the Corporations Act or the Bankruptcy Act 1966 (Cwlth) , applies in relation to the winding-up of trust property and the carrying on of a law practice by an external intervener. (sec.493-ssec.1) The main purpose of this chapter is to ensure that an appropriate range of options is available for intervention in the business and professional affairs of law practices and Australian-registered foreign lawyers for the purpose of protecting the interests of— the general public; and clients; and lawyers, including the owners and employees of law practices, so far as their interests are not inconsistent with the interests of the general public and clients. (sec.493-ssec.2) It is intended that interventions happen consistently with— similar interventions in other jurisdictions, especially if a law practice operates in this jurisdiction and 1 or more other jurisdictions; and other provisions of this Act. This chapter— applies to all law practices, regardless of whether they are incorporated under the Corporations Act ; and is intended to apply so that it, rather than the Corporations Act or the Bankruptcy Act 1966 (Cwlth) , applies in relation to the winding-up of trust property and the carrying on of a law practice by an external intervener. - (a) the general public; and - (b) clients; and - (c) lawyers, including the owners and employees of law practices, so far as their interests are not inconsistent with the interests of the general public and clients. - (a) similar interventions in other jurisdictions, especially if a law practice operates in this jurisdiction and 1 or more other jurisdictions; and - (b) other provisions of this Act. - (a) applies to all law practices, regardless of whether they are incorporated under the Corporations Act ; and - (b) is intended to apply so that it, rather than the Corporations Act or the Bankruptcy Act 1966 (Cwlth) , applies in relation to the winding-up of trust property and the carrying on of a law practice by an external intervener.