(1) A person is not entitled to recover from the Fidelity Fund any amount equal to amounts or to the value of other benefits:
(a) that have already been paid to or received by the person; or
(b) that have already been determined and are payable to or receivable by the person; or
(c) that (in the Law Society's opinion) are likely to be paid to or received by the person; or
(d) that (in the Society's opinion) might, but for neglect or failure on the person's part, have been paid or payable to or received or receivable by the person;
from other sources in relation to the pecuniary loss to which a claim relates.
(2) The Society may, at its absolute discretion, pay to a person the whole or part of an amount referred to in subsection (1)(c) if satisfied payment is warranted to alleviate hardship, but nothing in this subsection affects section 411.