155Payment of compensation

155 Payment of compensation (1) This section applies if the commissioner for fair trading decides that there is financial loss for which compensation may be paid to a claimant under this division. (2) The director-general must pay the claimant, out of the compensation fund, the amount of the financial loss decided by the commissioner for fair trading. (3) However, the director-general must not pay the amount until–– (a) the commissioner for fair trading has decided all claims for compensation made in relation to the licensed property agent whose failure to account is the subject of the claim; and (b) the commissioner has found out whether the amount in the compensation fund is sufficient for the payment of all amounts payable to claimants under subsection (1) in relation to the licensed property agent.