No compensation
53 No compensation
The purpose of this clause is to exclude the payment of compensation by or on behalf of the Crown for any deregulation of the commercial agent industry.
Compensation for deregulation is—
compensation because of the enactment or operation of the Fair Trading Amendment (Commercial Agents) Act 2016, including the repeal of the CAPI Act, or for any consequence of that enactment or operation, or
compensation because of the removal of the requirement for certain commercial agents to hold a licence or for any consequence of that removal, or
compensation because of any statement or conduct relating to a matter referred to in paragraph (a) or (b) or to the deregulation of the commercial agent industry in connection with any such matter.
Compensation for deregulation is not payable by or on behalf of the Crown.
This clause applies to or in respect of any event, act, omission, statement or conduct whether occurring before or after the commencement of this clause.
In this clause—
compensation includes damages or any other form of monetary compensation.
conduct includes a representation of any kind—
whether made verbally or in writing, and
whether negligent, false, misleading or otherwise.
the Crown means the Crown within the meaning of the Crown Proceedings Act 1988, and includes an officer, employee or agent of the Crown.
This Act’s bill:Explanatory memorandum
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