New South Wales Consolidated Acts

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MOTOR DEALERS AND REPAIRERS ACT 2013 - SECT 175

Deferral of Compensation Fund payments

175 Deferral of Compensation Fund payments

(1) If the amount in the Compensation Fund is not sufficient to pay all the amounts certified by the Secretary in any financial year, the unpaid amounts are to be charged against future receipts of the Fund and are to be paid when sufficient funds are available.
(2) If a number of claims against the Compensation Fund cannot be satisfied because the Fund is not sufficient, the Secretary has an unfettered discretion to determine the division and allocation of the available money among the various parties (whether or not to the exclusion of any one of them).



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