THE CORPORATIONS LAW

CHAPTER 7 - SECURITIES

PART 7.10 - THE NATIONAL GUARANTEE FUND

Division 7A - Contraventions of SCH certificate cancellation provisions

SECTION 961F   HOW CLAIM IS TO BE SATISFIED  

961F(1)  [When claim to be allowed]  

Subject to section 961H, SEGC must allow a claim if the Board is satisfied that the claimant is entitled to make the claim.

961F(2)  [Amount of payment]  

If 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.

961F(3)  [Loss from unauthorised execution excluded]  

For the purposes of subsection (2), the actual pecuniary loss suffered by the claimant does not include any loss in respect of an unauthorised execution (within the meaning of section 956) in respect of which the claimant has made, or is entitled to make, a claim under Division 7.