31
In forceLimitation of claims
Part 3Trust accounts and indemnity fund
Division 3Indemnity fund
31 Limitation of claims
(1)
The Commissioner may, by notice published in a newspaper circulating generally throughout the State, fix a day (not earlier than three months after the publication of the notice) on or before which claims in respect of a fiduciary default, or a series of fiduciary defaults, referred to in the notice, must be made.
(2)
A claim that is not made within the time fixed by the notice is barred unless the Tribunal, on application, otherwise determines.
(3)
No action in defamation lies in respect of the publication, in good faith, of the notice.
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