New Zealand Legislation: Acts
Acts are laws made by Parliament
(1) Subject to this Part, the New Zealand Society of Conveyancers must make practice rules for the establishment, maintenance, and management of a fidelity fund to be known as the Conveyancing Practitioners' Fidelity Fund.
(2) The rules must provide for the accounts of the Conveyancing Practitioners' Fidelity Fund to be audited annually by a chartered accountant appointed for the purpose by the Council of the New Zealand Society of Conveyancers.
(3) The Conveyancing Practitioners' Fidelity Fund is to be the property of the New Zealand Society of Conveyancers and is to be held in trust for the purposes specified in this Part.