Coal Acquisition (Compensation) Arrangements 1985
17BEffect of interim payments on compensation payable
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17B Effect of interim payments on compensation payable
17B Effect of interim payments on compensation payable
(1) For the purpose of calculating the interest payable under clause 24 on compensation determined or deemed to be determined in accordance with this instrument, the amount of compensation in respect of which that interest shall be determined shall be reduced by the amount of any interim payment of compensation made to the claimant.
(2) For the purpose of the payment of compensation under clause 25, the amount of compensation authorised to be paid under that clause shall be reduced by the amount of any interim payment of compensation made to the claimant.
(3) The Board is entitled to recover in a court of competent jurisdiction as a debt due to the Board, for payment into the Coal Compensation Board funds, any amount by which interim payments of compensation to a person exceed the amount of compensation (if any) determined or deemed to have been determined in accordance with this instrument in respect of the claim.
cll 17B: Ins 13.9.1985. Am 14.11.1997.