Corporations Act 2001
CHAPTER 7
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FINANCIAL SERVICES AND MARKETS
If:
(a) a claim by a person for compensation 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;
PART 7.5
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COMPENSATION REGIMES FOR FINANCIAL MARKETS
Division 3
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Approved compensation arrangements
Subdivision E
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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 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.
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