New South Wales Consolidated Acts

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170 Definitions

In this Division--

"associate" of a licensee means--

(a) an employee or agent of the licensee, or
(b) a person who has the apparent control or charge for the time being of the business of the licensee or of any office at which that business is carried on.

"failure to account" has the meaning given in section 171.

"pecuniary loss" from a failure to account includes--
(a) all costs (including the legal costs and disbursements of making and proving a claim), charges and expenses that a claimant has suffered or incurred as a direct consequence of the failure to account, and
(b) all interest on money or other valuable property that a claimant would have received but for the failure to account for the money or other property, with that interest calculated to the date on which the Secretary determines the claimant's claim or a judgment is recovered against the Secretary in relation to the Compensation Fund in respect of that money or other property.

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