Corporations Regulations 2001

The SEGC may reduce an amount of compensation by reference to 1 or more of the following:

a right of set‑off available to the claimant;

the extent to which the claimant was responsible for causing the loss.

If:

the claimant has assigned any of its rights or remedies in relation to the loss; and

the claimant has received a benefit from any person for assigning the right or remedy; and

the claimant assigned rights or remedies as mentioned in paragraph (a) without the written consent of the SEGC; and

the claimant continues to suffer a loss at the date of the determination of the claim;

In determining an amount of compensation payable to a claimant in respect of a claim, the SEGC may reduce the amount by reference to any money or other property that the claimant has received, or is likely to receive, from sources other than the Fund as compensation for money or property to which the claim relates.