ACTIn ForceAct
Agents Act 2003
156Interim payment of compensation
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156 Interim payment of compensation
(1) This section applies if the commissioner for fair trading has decided
that there is a financial loss for which an amount may be payable to a
claimant under this division but payment of the amount cannot be
made because of section 155 (3).
(2) The director-general may make an interim payment of compensation
out of the compensation fund of the amount the director-general
considers reasonable, if satisfied that—
(a) the claimant is suffering hardship as a direct consequence of the
financial loss; or
(b) circumstances prescribed by regulation exist.
(3) An amount paid to the claimant under subsection (2) must be set off
against the amount of compensation payable to the claimant under
this division.