Northern Territory Numbered Acts Northern Territory Numbered Acts(1) The regulations may provide that specified provisions of this Part, and any other provisions of this Act relating to the Fidelity Fund, do not apply to incorporated legal practices or apply to them with specified modifications.
(2) For the application of the provisions of this Part, and any other provisions of this Act relating to the Fund, to an incorporated legal practice, a reference in those provisions to a default of a law practice extends to a default of an incorporated legal practice, but only if it occurs in connection with the provision of legal services.
(3) Nothing in this section affects any obligation of an Australian legal practitioner who is an officer or employee of an incorporated legal practice to comply with the provisions of this Act relating to the Fund.
(4) An incorporated legal practice is required to make payments to or on account of the Fund under this Act as if it were an Australian lawyer applying for or holding a local practising certificate.
(5) The incorporated legal practice must not engage in legal practice in this jurisdiction if any payment is not made by the due date and while the practice remains in default of subsection (4).
(6) The Law Society may suspend the local practising certificate of a legal practitioner director of the practice if any payment is not made by the due date.
(7) The amounts payable to the Fund by an incorporated legal practice may be determined by reference to the total number of Australian legal practitioners employed by the practice and other relevant matters.