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 noteThe compensation rules must provide for how claims in respect of Division 3 losses are to be made and determined, and for how claimants are notified of the outcome of their claims.
885G(2) [ Specific rules for making and determining claims]Without limiting subsection (1), the compensation rules may:
(a) require a person making a claim to pay money, or transfer other property, in support of a claim; and
(b) provide for claims to be disallowed unless persons exercise rights of set-off; and
(c) set time limits for the making of claims; and
(d) provide for claims to be partially allowed (including, for example, in a case where the operator considers that the claimant's conduct contributed to the loss).
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