Claims can be made against Compensation Fund

In force

(1)

Part 10 of the PASA Act applies to and in respect of a failure to account (within the meaning of that Part) arising from any act or omission of a licensee under this Act that occurs on or after the commencement of this Act, as if the licensee were a licensee under the PASA Act.

(2)

For that purpose, a licensee under this Act is taken to be a licensee within the meaning of the PASA Act and a licence under this Act is taken to be a licence within the meaning of the PASA Act.

(3)

Section 169 (4) of the PASA Act is not applicable to a person as a licensee under this Act.

This Act’s bill:Explanatory memorandum Second reading speech

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88 Claims can be made against Compensation Fund