New South Wales Consolidated Acts
[Index]
[Table]
[Search]
[Search this Act]
[Notes]
[Noteup]
[Previous]
[Next]
[Download]
[History]
[Help]
LEGAL PROFESSION UNIFORM LAW (NSW) - SECT 245
Repayment of certain amounts
245 Repayment of certain amounts
(1) If-- (a) a claimant receives a payment from the fidelity fund in respect
of a claim; and
(b) the claimant receives or recovers from another source or
sources a payment on account of the pecuniary loss; and
(c) there is a
surplus after deducting the amount of the pecuniary loss from the total amount
received or recovered by the claimant from both or all sources--
the amount of
the surplus is a debt payable by the claimant to the fidelity fund.
(2)
However, the amount payable by the claimant cannot exceed the amount the
claimant received from the fidelity fund in respect of the claim.
AustLII: Copyright Policy
| Disclaimers
| Privacy Policy
| Feedback