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reg 13

Matters relevant to working out compensation—security rights

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Part 4Compensation
Division 4.3Acquisition of security rights

13 Matters relevant to working out compensation—security rights

(1)

Matters that may be relevant to working out the amount of compensation for the acquisition of a security right under a security (the relevant security) include the following:

(a)

the amount reasonably determined to reflect the value of the impact of the acquisition of the security right on the debt arrangements which are secured by the relevant security;

(b)

any other costs reasonably incurred by the securityholder as a direct and reasonable consequence of the acquisition.

(2)

Calvary and any securityholder must take all reasonable steps to minimise any loss, injury or damage suffered, or expense reasonably incurred because of the acquisition of the security right.

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