—(1) The amount of the annual subscription payable by members of the Society shall, subject to subsection (4), be fixed from time to time by the Counciland shall be payable to the Society by every solicitor in each year prior to his application for a practising certificate.
(2) In fixing the amount of the subscription, the Council shall be at liberty to divide members into classes, and to provide that different amounts shall be paid by different classes and for different periods and generally to regulate, and to vary from time to time, the subscriptions payable by members or by different classes of members, as the Council may think fit.
(3) The subscriptions payable by members admitted to membership under section 41 shall at no time exceed the lowest subscription payable by practitioner members for the corresponding period.
(4) The Council may from time to time fix levies payable by practitioner members for any of the purposes of the Society.
(5) The total of the subscriptions payable under subsection (1), the levies payable under subsection (4) and the annual contribution payable under section 75 shall not in any calendar year exceed $500 per practitioner member without the approval of a general meeting of the Society.
(6) Within one week of the end of each month, the Society shall, out of each annual subscription received by the Society during that month, pay to the Board —
in the case of a subscription paid by a practitioner member of not less than 5 years’ standing, a sum of $120; and
in the case of a subscription paid by a practitioner member of less than 5 years’ standing, a sum of $60.