CORPORATIONS (ABORIGINAL AND TORRES STRAIT ISLANDER) ACT 2006 - SECT 551.35 Claims of disposition of money to incorrect payee

CORPORATIONS (ABORIGINAL AND TORRES STRAIT ISLANDER) ACT 2006 - SECT 551.35

  (1)   If:

  (a)   a person (the claimant ) claims to be entitled to money; and

  (b)   the money has been paid to another person (the payee ) in accordance with paragraph   551 - 30(1)(a) or subsection   551 - 30(3);

the Registrar is not under any liability to the claimant in respect of that money, but, if the claimant is entitled to that money, the claimant may recover that money from the payee.

  (2)   If:

  (a)   a person (the claimant ) claims to be entitled to money; and

  (b)   an amount equivalent to that money has been paid to another person (the payee ) in accordance with paragraph   551 - 30(1)(a) or subsection   551 - 30(3);

the Registrar is not under any liability to the claimant in respect of that money, but, if the claimant is entitled to that money, the claimant may recover that equivalent amount from the payee.