146Review of decision of Secretary to disallow claim

146 Review of decision of Secretary to disallow claim (1) A claimant may apply to VCAT for review of a decision of the Secretary under section 145 to disallow a claim if⎯ (a) the Secretary has served notice of the disallowance of the claim; and (b) the claimant has exhausted all rights of action and other legal remedies for the recovery of the money or other property in respect of which the defalcation was committed available against the relevant licensee and all other persons liable in respect of the loss suffered by the claimant. (2) An application for review must be made before the expiration of 3 months after the service of notice of the disallowance under section 145(5).