Corporations Act 2001



Division 4 - NGF Compensation regime  

Subdivision C - The NGF  


Subject to regulations made for the purposes of this section, the following are to be paid out of the NGF, in such order as the SEGC considers appropriate:

(a) amounts, including costs, disbursements and interest, that any provision of this Part requires to be paid in connection with claims;

(b) all legal and other expenses incurred:

(i) in investigating or defending claims; or

(ii) in relation to the NGF; or

(iii) in the exercise by the SEGC of the rights and powers vested in it by any provision of this Part in relation to the NGF;

(c) money payable out of the NGF under regulations referred to in subsection 892G(2) ;

(d) amounts to be paid to acquire financial products as mentioned in section 888K ;

(e) premiums payable in respect of contracts of insurance or indemnity entered into by the SEGC under section 888J ;

(f) payments of principal, interest and other amounts payable by the SEGC in respect of money borrowed, and security given, under section 889E ;

(g) the expenses incurred in the administration of the NGF, including the salaries and wages of persons employed by the SEGC in relation to the NGF;

(h) amounts to be paid to a body corporate in accordance with a direction of the Minister under section 891A ;

(i) any other money payable out of the NGF in accordance with a provision of this Part.


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