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Agents Act 2003
151Claims for compensation
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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.