CORPORATIONS REGULATIONS 2001 - REG 7.5.78 Claimant entitled to costs and disbursements
CORPORATIONS REGULATIONS 2001 - REG 7.5.78
Claimant entitled to costs and disbursements(1) This regulation applies if the SEGC:
(a) allows a claim in whole or in part; or
(b) disallows a claim in whole in the following circumstances:
(i) the dealer compensated the claimant before the claim was determined;
(ii) the claim would have been allowed if the dealer had not compensated the claimant.
(2) The claimant is entitled to be paid out of the Fund an amount equal to the total of the reasonable costs of, and the reasonable disbursements incidental to, the making and proof of the claim.
(3) The claimant is also entitled to be paid out of the Fund an amount in respect of the claimant's reasonable costs of, and disbursements incidental to, attempting to recover the loss.
(4) Subregulations (2) and (3) apply in addition to the
claimant's other rights under this Division.