Corporations Act 2001
Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .
View history note
Hide history noteIf: (a) the CSLR operator pays an amount of compensation:
(i) to a person under section 1063 ; and
(b) the AFCA member is (or has become) a Chapter 5 body corporate;
(ii) for a relevant AFCA determination that required payment of an amount by another person (the AFCA member ) who is, or was, a member of the AFCA scheme; and
the CSLR operator is subrogated, to the extent of that amount of compensation, to any rights and remedies that the person may have, in relation to the relevant AFCA determination, that are recognised by an officer of the Chapter 5 body corporate.
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