Advertising for claims in relation to defaulting licensee
101 Advertising for claims in relation to defaulting licensee
The chief executive officer may cause to be published a notice in a newspaper circulating in the district in which the defaulting licensee is or was carrying on business as a settlement agent, and the notice shall fix a date not being earlier than 3 months after the publication of the notice, within which claims shall be made.
Any claim not made in writing to the chief executive officer on or before the date so fixed is barred unless the chief executive officer otherwise determines.
After the date so fixed the chief executive officer is at liberty to distribute in accordance with this Act, the sum from time to time available to be applied in reimbursement under sections 93 and 95, having regard only to judgments and claims allowed against the Account.
[Section 101 amended: No. 77 of 2006 Sch. 1 cl. 156(2); No. 58 of 2010 s. 162.]
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