THE CORPORATIONS LAW

CCH Note: Part 13 of the Corporations Act 1989, inserted by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as follows:

PART 13 - THE CORPORATIONS LAW

THE CORPORATIONS LAW   82 

The Corporations Law is as follows:...

CHAPTER 7 - SECURITIES

PART 7.10 - THE NATIONAL GUARANTEE FUND

Division 7A - Contraventions of SCH certificate cancellation provisions

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History

Div 7A inserted by No 104 of 1994, Sch 2 (effective 15 July 1994).

SECTION 961G   DISCRETIONARY FURTHER COMPENSATION  

961G(1)  [Compensation for lost gains]  

If:

(a)  SEGC allows a claim; and

(b)  the Board is satisfied that the payment of money to the claimant under section 961F will not adequately compensate the claimant for a pecuniary or other gain that the claimant did not make, but might have made, were it not for the contravention in respect of which the claim was made;

the Board may determine in writing that the claimant should be paid in respect of that gain a specified amount that the Board considers to be fair and reasonable in all the circumstances.

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History

S 961G(1) inserted by No 104 of 1994, Sch 2 (effective 15 July 1994).

961G(2)  [Payment of further compensation]  

If a determination is made under subsection (1), SEGC must pay the claimant the specified amount.

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History

S 961G(2) inserted by No 104 of 1994, Sch 2 (effective 15 July 1994).

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