104Agents may claim in certain circumstances

104 Agents may claim in certain circumstances (1) Where: (a) the Registrar has paid the amounts of compensation that the Registrar is required to pay in respect of defalcations or misappropriations committed by a person; and (b) the sum of those amounts is less than 300 000 monetary units, or such other amount as the Administrator has determined under section 102(2), an agent who was, at the time at which any of those defalcations or misappropriations were committed, a partner of or employer of the person referred to in paragraph (a) and has made a payment to a person in respect of pecuniary loss suffered by that person as a result of any of those defalcations or misappropriations, may apply to the Registrar for compensation under this Part in respect of that payment. (2) Section 98 does not apply in relation to an application under this section. (3) Where: (a) an application is made under this section; and (b) the Registrar is satisfied that: (i) the agent by whom the application is made is entitled to make an application under this section; and (ii) in relation to the defalcation or misappropriation to which the claim relates, the agent acted in good faith, the Registrar may pay compensation out of the moneys of the Fund to that agent.

Agents Licensing Act 1979 73 (4) The amount to be paid under subsection (3) is such amount, not exceeding the difference between 75 000 monetary units or such other amount as the Administrator has determined under section 102(2) and the sum of the amounts referred to in subsection (1)(a), as the Registrar thinks fit.