Advance payments
404 Advance payments
(1) The Law Society may, at its absolute discretion, make payments to a claimant in advance of the determination of a claim if satisfied:
the claim is likely to be allowed; and
payment is warranted to alleviate hardship.
(2) Any payments made in advance must be taken into account when the claim is determined.
(3) Payments under this section must be made by the Funds Management Committee from the Fidelity Fund.
(4) If the claim is disallowed, the amounts paid under this section are recoverable by the Committee as a debt due to the Fund.
(5) If the claim is allowed but the amount payable is less than the amount paid under this section, the excess paid under this section is recoverable by the Committee as a debt due to the Fund.
This Act’s bill:Explanatory statementSecond reading speech
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