7.5.72
CurrentPower of SEGC to allow and settle claim
Chapter 7Financial services and markets
Part 7.5Compensation regimes for financial markets
Division 4NGF Compensation regime
Subdivision 4.10General
7.5.72 Power of SEGC to allow and settle claim
(1)
The SEGC may, at any time after a person becomes entitled to make a claim, allow and settle the claim.
(2)
Subregulation (1) authorises the SEGC to partially allow a claim (including, for example, in a case where the SEGC considers that the claimant’s conduct contributed to the loss).
This Act’s bill:Explanatory statement
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