Queensland Consolidated Acts

AGENTS FINANCIAL ADMINISTRATION ACT 2014 - SECT 79

79 How fund may be applied

(1) The fund must be used to pay the amount of all claims allowed against the fund.

(2) The fund may also be used to pay—

(a) the remuneration and costs of the following—

(i) a receiver appointed under section 47 ;

(ii) a special investigator appointed under section 70 ; or

Note—

The remuneration and costs of a receiver are recoverable under section 64 (Recovery of remuneration and costs). The remuneration and costs of a special investigator are recoverable under section 75 (Recovery of remuneration and costs). Amounts recovered under these sections by the chief executive are paid to the fund under section 120 (Recovery of payments—general).

(b) a special payment by the chief executive under part 8 , division 2 .

(3) The Treasurer may transfer an amount from the fund to the consolidated fund.