4502 - S - 2024 National Pro Bono Target Review

11 2024 National Pro Bono Target Review: Consultation Paper 2 About the Law Council of Australia The Law Council of Australia represents the legal profession at the national level; speaks on behalf of its Constituent Bodies on federal, national, and international issues; promotes and defends the rule of law; and promotes the administration of justice, access to justice and general improvement of t. [...] 2024 National Pro Bono Target Review: Consultation Paper 3 Acknowledgements The Law Council thanks the Law Society of New South Wales and the Law Society of Western Australia for their contributions in the preparation of this submission, in addition to the guidance of the Law Council’s Access to Justice Committee. [...] For example: • the Corporations Act 2001 (Cth) requires a ‘small proprietary company’ to satisfy at least two of the following:6 (i) the consolidated gross operating revenue for the financial year of the company and the entities it controls (if any) is less than $10 million; (ii) the value of the consolidated gross assets at the end of the financial year of the company and the entities it controls. [...] The LSWA suggests that, for a small business to qualify for pro bono assistance: • any means test for individuals should also apply to the shareholders of the business; • the business should be at imminent risk of insolvency; and • the assistance should be limited to matters directly impacting the financial security of the business. [...] It is unclear whether the Definition would benefit from elaboration on this point, or whether this has the potential to introduce inconsistent concepts, contrary to the intention of the guiding questions to ‘enhance the precision of the Definition’.14 36.