162Payment of compensation

162 Payment of compensation

(1)  If it is determined or directed that compensation is payable under this Division, the Trust is to pay from the Guarantee Fund to the applicant an amount equal to the amount so determined or directed.

(2)  If the aggregate of the amounts that the Trust would, but for this subsection, be required by subsection (1) to pay to applicants for compensation in respect of conduct by the same person is more than the amount available in the Guarantee Fund, the Trust must divide the amount available among those applicants in proportion to the amounts that would otherwise be payable to them.

(3)  Any amount payable under this section is to be paid –

(a) within 28 days after notice of the Trust's determination is served on the applicant in accordance with section 160(1) ; or

(b) if the applicant applies for a review under section 161(2) , on the determination of the review.