s 171B
In forceDeciding or re-deciding claim
Chapter 8Insurance
Part 8.2Default insurance fund
Division 8.2.7Payment of claims
171B Deciding or re-deciding claim
(1)
If the Magistrates Court makes an order under section 171A, the court must decide or re-decide the claim for compensation by arbitration.
(2)
The DI fund manager is a party to the arbitration.
(3)
In an award made by the Magistrates Court under this section, the court may set aside the previous agreement or award.
(4)
An agreement by a person to accept, in settlement of a claim for payment against the DI fund, an amount less than the amount payable according to an agreement or award has no effect unless approved by the Magistrates Court.
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