AustLII Tasmanian Numbered Regulations

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RULES OF PRACTICE AMENDMENT RULES 2020 (S.R. 2020, NO. 56) - REG 4

Rule 3 amended (Interpretation)

Rule 3 of the Principal Rules is amended as follows:
(a) by omitting the definitions of accounting period and accounting record ;
(b) by omitting the definitions of approved institution and cash book ;
(c) by omitting the definitions of controlled fund and controlled fund operator ;
(d) by omitting the definition of cost agreement ;
(e) by omitting the definition of examination ;
(f) by omitting the definitions of Executive Director and firm and substituting the following definitions:
Executive Director means the Executive Director of the Law Society;
firm means –
(a) an Australian legal practitioner who is a sole practitioner; or
(b) a law firm; or
(c) a multi-disciplinary partnership; or
(d) an incorporated legal practice –
where at least one person holds a practising certificate issued by the Law Society;
(g) by omitting the definitions of fund , fund operator , government valuation , insured , insurer and investor ;
(h) by omitting the definition of money and substituting the following definition:
money includes –
(a) a cheque, bank draft, bill of exchange or any other negotiable instrument; and
(b) any instrument or asset that is capable of being converted into money;
(i) by omitting the definitions of mortgage and mortgage security ;
(j) by omitting the definitions of president , proceedings , registered valuer , related firm , report , security valuation and short-term money market dealer and substituting the following definitions:
proceedings , for the purposes of rule 12 , means any action or claim at law or in equity;
solicitor includes an Australian-registered foreign lawyer who practises as or in the manner of a solicitor;
(k) by omitting the definition of statutory charge ;
(l) by omitting "kind;" from the definition of transaction and substituting "kind." ;
(m) by omitting the definition of trust account inspector .



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