sec.85General time limit for making claims

### sec.85 General time limit for making claims This section applies to a claim against the fund other than a claim because of, or arising out of, a marketeering contravention relating to the purchase of a non-investment residential property. A person may make the claim against the fund for financial loss for the happening of an event only if the person makes the claim within the earlier of the following— 1 year after the person becomes aware that the person has suffered the loss; 3 years after the happening of the event. However, if the person starts a proceeding in a court to recover the person’s financial loss within the time permitted to make a claim under subsection (2) , the person may make the claim within 3 months after the proceeding in the court ends. Subsection (3) does not limit the time allowed under subsection (2) to make a claim. In this section— court includes QCAT. (sec.85-ssec.1) This section applies to a claim against the fund other than a claim because of, or arising out of, a marketeering contravention relating to the purchase of a non-investment residential property. (sec.85-ssec.2) A person may make the claim against the fund for financial loss for the happening of an event only if the person makes the claim within the earlier of the following— 1 year after the person becomes aware that the person has suffered the loss; 3 years after the happening of the event. (sec.85-ssec.3) However, if the person starts a proceeding in a court to recover the person’s financial loss within the time permitted to make a claim under subsection (2) , the person may make the claim within 3 months after the proceeding in the court ends. (sec.85-ssec.4) Subsection (3) does not limit the time allowed under subsection (2) to make a claim. (sec.85-ssec.5) In this section— court includes QCAT. - (a) 1 year after the person becomes aware that the person has suffered the loss; - (b) 3 years after the happening of the event.