24No compensation payable by State

24 No compensation payable by State

24 No compensation payable by State

(1) Compensation is not payable by or on behalf of a State in connection with the operation of this Part.

(2) Without limiting subsection (1), compensation is not payable by or on behalf of a State arising directly or indirectly from any of the following:

(a) the cancellation of an entity’s registration or the imposition of conditions on any such registration,

(b) the publication of any notice of intent to cancel registration,

(c) the issuing of binding instructions,

(d) the appointment of a statutory manager,

(e) the exercise by any person of any function of a statutory manager or a failure by any person to exercise any such function or any loss incurred by an entity during the term of office of a statutory manager for the entity.

(3) In this section:

compensation includes damages or any other form of monetary compensation.