THE CORPORATIONS LAW

CHAPTER 7 - SECURITIES

PART 7.10 - THE NATIONAL GUARANTEE FUND

Division 7 - Unauthorised transfer

SECTION 961B   PREVENTING DOUBLE RECOVERY  

961B    If:

(a)  section 957 or 958 of the Corporations Law of another jurisdiction entitles a person to make a claim in respect of a loss; and

(b)  SEGC allows the claim;

SEGC must not allow a claim that the corresponding section of the Corporations Law of this jurisdiction entitles the person to make in respect of that loss.

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