FAQs – 2017/18 insurance renewal
Search for frequently asked questions on LPLC 2017/18 insurance renewal. Click on the question below to view answer.
The full employee solicitor premium contribution is not payable by both employers of the shared employee. An adjustment should be made between you and the other practitioner so only one employee solicitor premium contribution is paid.
How do I pay my premium contribution if I can’t locate my renewal letter containing my firm number and passcode details?
Yes. If the non-equity partner holds a principal practising certificate and is held out as a partner of the firm a full contribution is due.
No. You only pay for an employee with a current practising certificate. If a trainee or graduate solicitor does not have a current practising certificate no contribution is due.
Do I pay a premium contribution for an employee solicitor with a current practising certificate who leaves after the assessment date (31 March 2017 for the 2017/18 policy year) but before 1 July 2017?
Yes. A premium contribution is required for an employee solicitor who leaves after the assessment date.
You do not pay a premium contribution for any employee solicitor with a current practising certificate you employ after the assessment date.
Do I pay a full premium contribution for an employee solicitor with a current practising certificate who works part-time?
If the employee solicitor works more than 21 hours per week a full premium contribution is due.
If the employee solicitor works 21 hours per week or less and receives less than $80,000 remuneration per annum a half premium contribution is due.
Once you have logged in to renew online and entered your details, your concessional premium will be calculated.
If you intend to practice as a locum, you should take out a full practising certificate and apply for a reduced premium contribution if your estimated earnings (excluding earnings in a true temporary locum tenens situation where you are replacing a principal or employee practitioner during temporary absence) are below $128,500 per annum.
No. Your firm number* will remain the same but you will receive a new passcode in the mail with your 2017/18 insurance renewal information.
* Please note the Firm number remains the same each year – it is only the passcode that changes.
Yes. A legal consultant with a current practising certificate is classified as an employee for insurance purposes so a premium contribution is due.