Page 4264 - Week 13 - Thursday, 25 November 1993

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COMPLY WITH TRUST ACCOUNT AUDIT REQUIREMENTS, OR THE DEATH OR INCAPACITY OF A SOLICITOR.

UNDER THESE CIRCUMSTANCES THE SUPREME COURT CAN APPOINT A RECEIVER TO THE PRACTICE OF SUCH A SOLICITOR. HOWEVER, THERE MAY BE OCCASIONS WHEN BOTH A SOLICITOR AND HIS OR HER CLIENTS WOULD BENEFIT IF A MANAGER WAS APPOINTED TO CONTINUE RUNNING THE PRACTICE. THAT WOULD ESPECIALLY BE THE CASE WHERE THE SOLICITOR IS A SOLE PRACTITIONER. THE AMENDMENT WILL ENABLE A MANAGER TO BE APPOINTED EITHER IN ADDITION TO A RECEIVER OR OTHERWISE.

THAT CONCLUDES THE SIGNIFICANT AMENDMENTS INTRODUCED BY THIS LEGISLATION. BUT AS I SAID EARLIER IN THESE REMARKS. FURTHER REFORMS ARE NEEDED TO THE WAY THE LEGAL PROFESSION IS REGULATED, TO BRING THE AUSTRALIAN CAPITAL TERRITORY MORE CLOSELY INTO LINE WITH RECENT DEVELOPMENTS ELSEWHERE. SUCH DEVELOPMENTS INCLUDE THE LEGAL PROFESSION REFORM BILL RECENTLY PASSED BY THE NEW SOUTH WALES PARLIAMENT, NEW WESTERN AUSTRALIAN LEGISLATION THAT CAME INTO EFFECT EARLIER THIS YEAR, AND A BILL THAT IS PRESENTLY BEFORE THE TASMANIAN PARLIAMENT.

THE REFORM AGENDA HAS RECENTLY BEEN EXPANDED BY A

DRAFT REPORT ISSUED BY THE TRADE PRACTICES

COMMISSION. THE REPORT IDENTIFIES SEVERAL POSITIVE

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