Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 885G

Making and determination of claims

  (1)   The compensation rules must provide for how claims in respect of Division   3 losses are to be made and determined, and for how claimants are notified of the outcome of their claims.

  (2)   Without limiting subsection   (1), the compensation rules may:

  (a)   require a person making a claim to pay money, or transfer other property, in support of a claim; and

  (b)   provide for claims to be disallowed unless persons exercise rights of set - off; and

  (c)   set time limits for the making of claims; and

  (d)   provide for claims to be partially allowed (including, for example, in a case where the operator considers that the claimant's conduct contributed to the loss).


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