ASIC Corporations (Law Societies—Statutory Deposit Accounts and Public Purpose Funds) Instrument 2022/436 (Cth)

ASIC Corporations (Law Societies—Statutory Deposit Accounts and Public Purpose Funds) Instrument 2022/436 I, Rhys Bollen, delegate of the Australian Securities and Investments Commission, make the following notifiable instrument.

Date 31 May 2022

Rhys Bollen

Contents

Part 1—Preliminary 1 Name of notifiable instrument 2 Commencement 3 Authority 4 Definitions Part 2—Exemption 5 Statutory deposit accounts and public purpose fund exemptions 6 Where the exemptions apply 7 NSW Public Purpose Fund exemption

Part 1—Preliminary

1 Name of notifiable instrument This is the ASIC Corporations (Law Societies—Statutory Deposit Accounts and Public Purpose Funds) Instrument 2022/436.

2 Commencement This instrument commences on the day after it is registered on the Federal Register of Legislation. Note: The register may be accessed at www.legislation.gov.au.

3 Authority This instrument is made under subsection 926A(2) of the Corporations Act 2001.

4 Definitions In this instrument: Act means the Corporations Act 2001. eligible legal body means each of the following: (a) The Law Society of New South Wales; (b) The Law Society of the Australian Capital Territory; (c) The Law Society of Tasmania; (d) The Law Society of Western Australia Inc.; (e) the trustees of the NSW Public Purpose Fund. NSW Public Purpose Fund means the fund established under Division 2 of Part 5 of the Legal Profession Uniform Application Act 2014 (NSW). The Law Society of Tasmania means the body corporate continued in existence by section 618 of the Legal Profession Act 2007 (Tas.). The Law Society of the Australian Capital Territory means the body corporate continued in existence under section 576 of the Legal Profession Act 2006 (ACT). The Law Society of Western Australia Inc. means the body corporate incorporated under the Associations Incorporation Act 2015 (WA) that is referred to in section 3 of the Legal Profession Act 2008 (WA).