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Legal Profession Regulation 2007
77Use of money in statutory interest account—
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77 Use of money in statutory interest account—
Act, s 253 (2) (c)
(1) This section applies if the bar council asks the law society to ask the
Attorney-General to consent to the use (the proposed use) of money
in the statutory interest account for a purpose stated by the bar
council.
(2) The bar council must give the law society reasonable written notice
of the request, including details of—
(a) the proposed use; and
(b) the proposed amount; and
(c) the proposed purpose.
(3) The law society—
(a) must tell the Attorney-General about the bar council’s request;
and
(b) may tell the Attorney-General its view on the proposed use.
(4) If the law society tells the Attorney-General its view on the proposed
use, it must, at the same time, also tell the bar council.
(5) The bar council may also tell the Attorney-General its view on the
proposed use.
(6) The law society or the bar association may use money in the statutory
interest account in accordance with the Attorney-General’s written
consent.