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CORPORATIONS REGULATIONS 2001 - REG 7.5.63 Discretionary further compensation

CORPORATIONS REGULATIONS 2001 - REG 7.5.63

Discretionary further compensation

  (1)   If:

  (a)   the SEGC allows a claim made under regulation   7.5.60; and

  (b)   the SEGC is satisfied that the payment of money to the claimant under regulation   7.5.62 will not adequately compensate the claimant for a pecuniary or other gain that the claimant did not make, but might have made, were it not for the contravention in respect of which the claim was made;

the SEGC may determine in writing that the claimant should be paid in respect of that gain a specified amount that the SEGC considers to be fair and reasonable in all the circumstances.

  (2)   If a determination is made under subregulation   (1), the SEGC must pay the claimant the amount specified in the determination.

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