26Fidelity cover

26 Fidelity cover (1) This regulation applies to a foreign lawyer who: (a) is practising, or intends to practise, foreign law in the Territory as an associate to a law practice; and (b) has applied for the grant or renewal of registration as a foreign lawyer under the Act. (2) When the foreign lawyer's registration is granted or renewed by the Law Society, the foreign lawyer must pay to the Society, on account of the Fidelity Fund, the appropriate contribution to the Fidelity Fund for the year ending on 30 June for which the registration is granted or renewed. (3) For subregulation (2), the appropriate contribution for a year is the amount notified by the Funds Management Committee under section 392(4) of the Act for the year.

Legal Profession Regulations 2007 16 (4) However, if the foreign lawyer is registered after 31 December in a year ending 30 June, the appropriate contribution is one half the amount that would otherwise be payable under subregulation (3). (5) The Society may permit the contribution to be paid by instalments under an arrangement approved by the Society. (6) If a foreign lawyer: (a) has paid a contribution under this regulation for a year ending