307Request by complainant for compensation order

307 Request by complainant for compensation order

307 Request by complainant for compensation order

(1) A complainant may request—

(a) the designated local regulatory authority; or

(b) the designated tribunal in proceedings under Division 3 of Part 5.4—

to make a compensation order.

(2) A compensation order may be requested in respect of loss suffered by—

(a) the complainant; or

(b) another person who is a client of the respondent—

(or both) because of the conduct the subject of the complaint. The complainant, or other person, suffering the loss is referred to in this Part as an aggrieved person.

(3) A complainant who makes such a request must describe the loss suffered by the aggrieved person and the relevant circumstances.

(4) A request may be made in the complaint or to the designated local regulatory authority at any time after the complaint is made and before it is disposed of.

(5) However, a request may not be made after proceedings have been initiated in the designated tribunal with respect to the complaint unless the designated tribunal grants the complainant leave to make the request.