(1) The Bar Association may, with the approval of the Chief Justice, make rules prescribing and regulating the remuneration of attorneys-at-law in respect of non-contentious business.
(2) Rules made under this section may—
(a) regulate the amount of remuneration with reference to—
(i) the position of the person for whom the attorney-at-law is concerned in the business, whether as vendor or purchaser, lessor or lessee, mortgagor or mortgagee or the like,
(ii) the place where and the circumstances in which the business or any part thereof is transacted,
(iii) the amount of the capital money or rent to which the business relates,
(iv) the skill, labour and responsibility involved in the business on the part of the attorney-at-law,
(v) the number and importance of documents prepared or perused without regard to length; or
(b) authorise and regulate—
(i) the taking by an attorney-at-law from his or her client of security for payment of any remuneration to be ascertained by taxation or otherwise, which may become due to him or her, and
(ii) the allowance of interest.
(3) So long as rules made under this section are in force, taxation of bills of costs of attorneys-at-law in respect of non-contentious business shall be regulated by those rules.