151Claims for compensation

151 Claims for compensation (1) A claim for compensation must— (a) be in the form approved under section 177 for this section; and (b) be given to the commissioner for fair trading within the appropriate period; and (c) be accompanied by a statement verifying the details contained in the statement. Note It is an offence to make a false or misleading statement, give false or misleading information or produce a false or misleading document (see Criminal Code, pt 3.4). (2) For this section, the appropriate period is whichever of the following periods ends earlier: (a) the period of 1 year after the day the claimant becomes aware of the failure to account to which the claim relates; (b) the period of 2 years after the day the failure to account happens. (3) However, the appropriate period for the claim is the claim period under section 150 (Notice inviting claims) if–– (a) notice is published under section 150 in relation to the agent to whom the claim relates; and (b) the appropriate period under subsection (2) for the claim had not ended when the notice was published.