Queensland Consolidated Acts

AGENTS FINANCIAL ADMINISTRATION ACT 2014 - SECT 85

85 General time limit for making claims

(1) This section applies to a claim against the fund other than a claim because of, or arising out of, a marketeering contravention relating to the purchase of a non-investment residential property.

(2) A person may make the claim against the fund for financial loss for the happening of an event only if the person makes the claim within the earlier of the following—

(a) 1 year after the person becomes aware that the person has suffered the loss;

(b) 3 years after the happening of the event.

(3) However, if the person starts a proceeding in a court to recover the person’s financial loss within the time permitted to make a claim under subsection (2) , the person may make the claim within 3 months after the proceeding in the court ends.

(4) Subsection (3) does not limit the time allowed under subsection (2) to make a claim.

(5) In this section—

"court" includes QCAT.