Managed Investment Schemes: Commencement of Uniform Law prohibition for the legal profession
July 4, 2018
Law practices in Victoria are no longer permitted to operate or promote managed investment schemes.
Section 258 of the Legal Profession Uniform Law came into force on 1 July 2018 in both Victoria and NSW; its commencement having been suspended since its enactment in 2015. It extends to all law practice types and their related entities.
For further information see the Legal Services Council website.