Corporations Amendment (Litigation Funding) Regulations 2022 (F2022L01614)

Schedule 1   Amendments

Corporations Regulations 2001

5   Subregulation 5C.11.01(6) (definition of general member)

Repeal the definition, substitute:

general member :

(a) in relation to a litigation funding scheme - means a member of the scheme who:

(i) is not the funder; and

(ii) is not a lawyer providing services for the purposes of the scheme; and

(b) in relation to a litigation funding arrangement - means the party to the arrangement who:

(i) is not the funder; and

(ii) is not a lawyer providing services for the purposes of the arrangement.