Legal Profession Regulation 2007
77Use of money in statutory interest account—
Start here
Get a plain-English read of 77
Turn the raw legal text into a practical explanation grounded in Legal Profession Regulation 2007.
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.