New Zealand Legislation: Acts

168 Directions relating to Fidelity Scheme

• (1) Where a Standards Committee or the New Zealand Law Society or the New Zealand Society of Conveyancers has, in relation to a practitioner, served a notice under section 164(1) on the grounds that there is reasonable cause to believe—

  • (a) that the practitioner has been guilty of theft or of any improper conduct in relation to money or other property of any other person; or

  • (b) that any person who is an agent (within the meaning of section 305) of the practitioner has been guilty of theft or of any improper conduct in relation to any money or other property entrusted to the practitioner,—

  the money paid to the Standards Committee or the New Zealand Law Society or the New Zealand Society of Conveyancers under section 164(2) must be held by the Standards Committee or the New Zealand Law Society or the New Zealand Society of Conveyancers on behalf of and subject to the general or special directions of the Management Committee.

  (2) Subsection (1) is subject to—

  • (a) section 165(2); and

  • (b) any order made by the court under this Part.

  Compare: 1982 No 123 s 82(7)