CORPORATIONS ACT 2001 - SECT 889H Payments out of the NGF

CORPORATIONS ACT 2001 - SECT 889H

    Subject to regulations made for the purposes of this section, the following are to be paid out of the NGF, in such order as the SEGC considers appropriate:

  (a)   amounts, including costs, disbursements and interest, that any provision of this Part requires to be paid in connection with claims;

  (b)   all legal and other expenses incurred:

  (i)   in investigating or defending claims; or

  (ii)   in relation to the NGF; or

  (iii)   in the exercise by the SEGC of the rights and powers vested in it by any provision of this Part   in relation to the NGF;

  (c)   money payable out of the NGF under regulations referred to in subsection   892G(2);

  (d)   amounts to be paid to acquire financial products as mentioned in section   888K;

  (e)   premiums payable in respect of contracts of insurance or indemnity entered into by the SEGC under section   888J;

  (f)   payments of principal, interest and other amounts payable by the SEGC in respect of money borrowed, and security given, under section   889E;

  (g)   the expenses incurred in the administration of the NGF, including the salaries and wages of persons employed by the SEGC in relation to the NGF;

  (h)   amounts to be paid to a body corporate in accordance with a direction of the Minister under section   891A;

  (i)   any other money payable out of the NGF in accordance with a provision of this Part.