s 88

Moneys to be credited to Account

In force

The Fidelity Guarantee Account shall consist of and there shall be credited to the Account —

(a)

all sums paid to the credit of the Account by settlement agents by way of contribution or levy pursuant to this Act; and

(b)

income derived from the investment, under section 89, of moneys standing to the credit of the Fidelity Guarantee Account; and

(c)

all moneys transferred to the Fidelity Guarantee Account under section 105(b); and

(d)

all money recovered by or on behalf of the State in the exercise of any right of action conferred by this Act or the Fair Trading Act 2010; and

(e)

any other money that may be lawfully credited to the Fidelity Guarantee Account.

[Section 88 amended: No. 59 of 1995 s. 76 and 86; No. 77 of 2006 Sch. 1 cl. 156(2); No. 58 of 2010 s. 152.]

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