Corporations Act 2001
CHAPTER 7
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FINANCIAL SERVICES AND MARKETS
PART 7.5
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COMPENSATION REGIMES FOR FINANCIAL MARKETS
Division 3
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Approved compensation arrangements
Subdivision D
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Are compensation arrangements adequate?
SECTION 885F
METHOD OF PAYMENT OF COMPENSATION
885F(1)
The compensation rules must deal with how compensation in respect of Division 3 losses is to be paid or provided.
885F(2)
Without limiting subsection (1) , the compensation rules may provide for compensation to be paid in a lump sum or by instalments.
Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .
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Hide history noteThe compensation rules must deal with how compensation in respect of Division 3 losses is to be paid or provided.
885F(2)
Without limiting subsection (1) , the compensation rules may provide for compensation to be paid in a lump sum or by instalments.
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