Land Agents Act 1994

The indemnity fund is notionally divided into two parts (Part A and

one part, Part A, is to consist of the balance of the indemnity fund at any particular time, less the amount standing to the credit of Part B at that time;

one part, Part B, is to consist of $13.5 million, as credited to this part of the fund on the commencement of this section, then less any amounts paid from time to time in accordance with the scheme set out in

Part A will be available—

for the purposes of this Division; and

for the purposes of any other Act that makes provision for payments from the indemnity fund, and any reference in this Division or in another Act that relates to the indemnity fund will be taken to be a reference to Part A of the indemnity fund (unless the contrary intention appears).

Part B will be available for the purposes of

The Commissioner's powers of investment with respect to the indemnity fund apply to both Part A and Part B.

This section expires when