Property Agents and Land Transactions Act 2016
157Board to consider application
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157 Board to consider application
(1) The Board must, after considering an application for compensation made under section 152 –
(a) determine whether or not there has been a loss for which compensation may be paid under this Division; and
(b) if it determines that there has been such a loss, recommend to the Trust the amount of compensation payable.
(2) Subsection (1)(a) does not require the Board to be satisfied –
(a) that any person has been convicted of an offence arising out of the conduct giving rise to the application; or
(b) that there is evidence upon which a person might be convicted of such an offence.
(3) If, after considering an application, the Board determines that no compensation may be paid under this Division, it must serve a written notice of the Board's determination on the applicant.
(4) A notice served under subsection (3) must –
(a) give reasons for the Board's determination; and
(b) include details of the facts that in the Board's opinion justify the determination.
(5) The notice must also inform the applicant –
(a) of the applicant's right to apply for a review of the Board's determination; and
(b) of the period within which an application for a review may be made and how, and to whom, notice of the review may be given.