Plain language law

New Zealand law explained for everyone

Lawyers and Conveyancers Act 2006

Miscellaneous provisions - Transitional provisions relating to Solicitors' Fidelity Guarantee Fund

364: Money payable into Solicitors' Fidelity Guarantee Fund

You could also call this:

"Money that solicitors pay into a special fund to help people who lose money"

Illustration for Lawyers and Conveyancers Act 2006

When you look at section 363, you need to read section 160 of the Law Practitioners Act 1982 in a special way. You should substitute two new paragraphs for paragraphs (a) and (aa). These new paragraphs talk about money that is already in the fund when the Law Practitioners Act 1982 is repealed by section 349 of the Lawyers and Conveyancers Act 2006, and money that solicitors pay into the fund.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM367869.

This page was last updated on — View changes

Topics:
Money and consumer rights > Consumer protectionBusiness > Industry rules
Previous

363: Continuation of Part 9 of Law Practitioners Act 1982, or

"Old law rules still apply until new law takes over"

Next

365: Claims in relation to Solicitors' Fidelity Guarantee Fund, or

"Claims for money stolen by lawyers before 1982 law change"

Part 11Miscellaneous provisions
Transitional provisions relating to Solicitors' Fidelity Guarantee Fund

364Money payable into Solicitors' Fidelity Guarantee Fund

  1. For the purposes of section 363, section 160 of the Law Practitioners Act 1982 must be read as if, for paragraphs (a) and (aa), there were substituted the following paragraphs:

  2. all sums standing to the credit of the fund on the repeal of the Law Practitioners Act 1982 by section 349 of the Lawyers and Conveyancers Act 2006:
    1. all sums paid to or on account of the fund by solicitors, either as annual contributions or as levies, in accordance with this Part of this Act: