Corporations Act 2001
Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .
View history note
Hide history noteSubject 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.
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.
