Lawyers and Conveyancers Act 2006

Lawyers and Conveyancers Special Fund

298: Distribution of Special Fund

You could also call this:

"What happens to the money in the Special Fund"

Illustration for Lawyers and Conveyancers Act 2006

You need to know what happens to the money in the Special Fund. On the last working day of every month, most of the money in the fund is paid to the Secretary for Justice. This money is used to fund community law centres. The Management Committee can use some of the money to pay for things like auditing the accounts and travelling expenses. The committee can pay these costs from the Special Fund.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM367361.

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Part 9Lawyers and Conveyancers Special Fund

298Distribution of Special Fund

  1. On the last working day of every month, all money standing to the credit of the Special Fund at the close of the previous day (other than any money required to meet the costs of administering the Special Fund) must be paid to the Secretary for Justice for the purpose of funding community law centres.

  2. The Management Committee may pay out of the Special Fund the costs of administering the Special Fund.

  3. Those costs include the costs of—

  4. auditing the accounts of the Special Fund; and
    1. paying any reasonable travelling expenses incurred by members of the Management Committee in connection with the management of the Special Fund.
      Compare
      Notes
      • Section 298(1): amended, on , by section 144 of the Legal Services Act 2011 (2011 No 4).