Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .

PART 7.5 - COMPENSATION REGIMES FOR FINANCIAL MARKETS  

Division 3 - Approved compensation arrangements  

Subdivision E - Other provisions about Division 3 arrangements  

SECTION 886A  

886A   ONLY ONE CLAIM IN RESPECT OF THE SAME LOSS  

If:

(a)    

a claim by a person for compensation (including interest referred to in subsection 885E(5) ) in respect of a particular Division 3 loss suffered by the person has been allowed under Division 3 arrangements; and

(b)    the person makes or has made another claim under those Division 3 arrangements, or under other Division 3 arrangements, in respect of the same loss;

that other claim must not be allowed.