Northern Territory Numbered Acts Northern Territory Numbered Acts(1) Before 31 May in each year, the Funds Management Committee must decide the amount of contribution each local legal practitioner who is a member of a class of legal practitioner prescribed by the regulations is required to pay for the Fidelity Fund for the period of 12 months starting on the next following 1 July.
(2) The amount of the contribution must not exceed the amount prescribed by the regulations.
(3) In deciding the amount, the Committee must have regard to the advice of an actuary engaged by the Committee to advise it on the appropriate provision to be made for ascertained and contingent liabilities of the Fund.
(4) As soon as practicable after making the decision, the Committee must give notice of the amount:
(a) by Gazette notice; and
(b) written notice to the Law Society.