THE CORPORATIONS LAW

CHAPTER 7 - SECURITIES

PART 7.10 - THE NATIONAL GUARANTEE FUND

Division 3 - The National Guarantee Fund

SECTION 930   PROPERTY CONSTITUTING FUND  

930    The Fund shall consist of:

(a)  money and property that, immediately before the commencement of this Part, formed part of the previous Fund;

(b)  money paid into the Fund under subsection 985(1);

(c)  property that has vested in SEGC, and become part of the Fund by virtue of subsection 985(2);

(d)  money paid into the Fund under subsection 891(2);

(e)  money paid into the Fund under section 938 or 940;

(f)  the interest and profits from time to time accruing from the investment of the Fund and paid into the Fund under subsection 935(2);

(fa)  money paid into the Fund under subsection 930B(2);

(g)  money recovered by or on behalf of SEGC in the exercise of a right of action that SEGC has by virtue of the Fund provisions;

(h)  money paid by an insurer under a contract of insurance or indemnity entered into by SEGC under section 982;

(j)  money paid to SEGC for the purposes of a claim under Division 6, 6A or 6C; and

(k)  all other money or other property lawfully paid into, or forming part of, the Fund.




This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.