Australian Capital Territory Consolidated Acts Australian Capital Territory Consolidated Acts(1) Subject to subsection (2), the registrar shall consider each application made in accordance with this part and shall determine—
(a) the amount of the loss in relation to which compensation may be paid to the applicant under this part; or
(b) that there is no pecuniary loss in relation to which compensation may be so paid.
(2) The registrar shall not determine an application under subsection (1) unless the registrar is satisfied that the applicant has taken all reasonable steps to enforce any remedies that the applicant may have against the dealer referred to in section 60 (1) in relation to the loss that the applicant has incurred.