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CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 1246
Subrogation of futures organisation to rights etc. of claimant on payment from fund
1246. On payment out of a fidelity fund of a futures organisation of any money
in respect of a claim under this Part, the futures organisation is subrogated
to the extent of that payment to all the rights and remedies of the claimant
in relation to the loss suffered by the claimant from the defalcation or
fraudulent misuse of property.
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