Australian Capital Territory Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

AGENTS ACT 2003 - SECT 156

Interim payment of compensation

    (1)     This section applies if the commissioner for fair trading has decided that there is a financial loss for which an amount may be payable to a claimant under this division but payment of the amount cannot be made because of section 155 (3).

    (2)     The chief executive may make an interim payment of compensation out of the compensation fund of the amount the chief executive considers reasonable, if satisfied that—

        (a)     the claimant is suffering hardship as a direct consequence of the financial loss; or

        (b)     circumstances prescribed by regulation exist.

    (3)     An amount paid to the claimant under subsection (2) must be set off against the amount of compensation payable to the claimant under this division.



[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]