Legislative Assembly for the ACT: 1996 Week 8 Hansard (27 June) . . Page.. 2521 ..
APPENDIX 4: Incorporated in Hansard on 27 June 1996 at page 2237.
Currently the Act prohibits the Law Society from issuing an unrestricted practising certificate to a solicitor unless he or she holds professional indemnity insurance, and requires a solicitor to have professional indemnity insurance cover at all times while holding an unrestricted practising certificate. This is an essential part of the regulation of the legal profession and gives the clients of a solicitor the protection of indemnity insurance.
The Legal Practitioners (Amendment) Bill (No 2) 1996 will amend the Legal Practitioners Act to give the Law Society a discretion to issue an unrestricted practising certificate to a solicitor who does not hold professional indemnity insurance, and to allow a solicitor who does not practise on his or her own account or in a partnership to hold an unrestricted practising certificate without having to have professional indemnity insurance cover while holding such a certificate.
An unrestricted practising certificate is the `licence' that a solicitor is required to hold to practise on his or her own account or in a partnership of solicitors.