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.
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