sec.325MLaw practice referral through sale of business

### sec.325M Law practice referral through sale of business This section applies if— a law practice (the current practice ) sells all or part of the law practice’s business to another law practice (the new practice ); and as part of the sale, a claimant is to be referred to the new practice; and the claimant has not or will not have lodged an application for compensation or given a notice of claim for damages before the referral occurs. The supervising principal of the current practice must, before the referral occurs— complete a law practice certificate for the claim; and give the law practice certificate to the new practice and a copy of the certificate to the claimant. Maximum penalty—300 penalty units. If the new practice does not receive the law practice certificate mentioned in subsection (2) , the supervising principal of the new practice must, as soon as practicable— complete a notice that states the new practice has not received the certificate; and give the notice to the insurer. s 325M ins 2022 No. 13 s 60 (sec.325M-ssec.1) This section applies if— a law practice (the current practice ) sells all or part of the law practice’s business to another law practice (the new practice ); and as part of the sale, a claimant is to be referred to the new practice; and the claimant has not or will not have lodged an application for compensation or given a notice of claim for damages before the referral occurs. (sec.325M-ssec.2) The supervising principal of the current practice must, before the referral occurs— complete a law practice certificate for the claim; and give the law practice certificate to the new practice and a copy of the certificate to the claimant. Maximum penalty—300 penalty units. (sec.325M-ssec.3) If the new practice does not receive the law practice certificate mentioned in subsection (2) , the supervising principal of the new practice must, as soon as practicable— complete a notice that states the new practice has not received the certificate; and give the notice to the insurer. - (a) a law practice (the current practice ) sells all or part of the law practice’s business to another law practice (the new practice ); and - (b) as part of the sale, a claimant is to be referred to the new practice; and - (c) the claimant has not or will not have lodged an application for compensation or given a notice of claim for damages before the referral occurs. - (a) complete a law practice certificate for the claim; and - (b) give the law practice certificate to the new practice and a copy of the certificate to the claimant. - (a) complete a notice that states the new practice has not received the certificate; and - (b) give the notice to the insurer.