Queensland Consolidated Acts

AGENTS FINANCIAL ADMINISTRATION ACT 2014 - SECT 155

155 Claim fund

(1) The rights and liabilities of the claim fund under the repealed Act (the
"former fund" ) are taken to be the rights and liabilities of the claim fund under this Act (the
"current fund" ).

(2) A claim that has been made against the former fund, and not finished before the commencement, continues as if it were a claim against the current fund.

(3) A person who could have made a claim against the former fund but did not make the claim before the commencement may make the claim against the current fund under this Act, if the time allowed for bringing the proceeding under the repealed Act has not expired.

(4) If, before the commencement, the chief executive had started a proceeding to recover an amount paid out of the former fund, the proceeding is taken to have been started by the chief executive under this Act as if the amount had been paid out of the current fund.

(5) If, had the repealed Act not been repealed, the chief executive could start a proceeding to recover an amount paid out of the former fund, the chief executive may start the proceeding as if the amount had been paid out of the current fund.

(6) This Act applies to a proceeding under subsection (4) or (5), with necessary changes.