Corporations Regulations 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

PART 7.5 - COMPENSATION REGIMES FOR FINANCIAL MARKETS  

Division 4 - NGF Compensation regime  

Subdivision 4.8 - Contraventions of ASTC certificate cancellation provisions  

REGULATION 7.5.62   HOW CLAIM IS TO BE SATISFIED  

7.5.62(1)   [ Obligation to allow claim]  

The SEGC must allow a claim if the SEGC is satisfied that regulation 7.5.60 entitles the claimant to make the claim.

7.5.62(2)   [ Obligation to pay amount of actual pecuniary loss]  

If the SEGC allows the claim, it must pay to the claimant the amount that, when the claim is allowed, is the actual pecuniary loss suffered by the claimant because of the contravention in respect of which the claim was made.

7.5.62(3)   [ Loss in respect of unauthorised execution]  

For subregulation (2), the actual pecuniary loss suffered by the claimant does not include any loss in respect of an unauthorised execution (within the meaning of paragraph 7.5.53(4) (a)) in respect of which the claimant has made, or is entitled to make, a claim under Subdivision 4.7 .