167Application of money in Compensation Fund

#### 167 Application of money in Compensation Fund 167 Application of money in Compensation Fund > > (1) Money in the Compensation Fund may be applied for any purpose for which it is required or permitted to be applied by or under this or any other Act. > > > (2) The Secretary may apply money held in the Compensation Fund (in such order as the Secretary decides) for all or any of the following purposes— > > > > > (a) satisfying claims (including costs) established against the Compensation Fund in accordance with this or any other Act, > > > > > (b) meeting legal expenses incurred by the Secretary in connection with claims against the Compensation Fund, > > > > > (c) meeting expenses incurred by the Secretary in or in relation to appearances before a court or tribunal with respect to licences under this Act or the [Conveyancers Licensing Act 2003](/view/html/inforce/current/act-2003-003), > > > > > (d) meeting the costs of administering the Compensation Fund, > > > > > (e) investing in schemes that relate to the provision of residential accommodation or, subject to such terms and conditions as may be prescribed by the regulations, in loans to authorised deposit-taking institutions. > > > (3) The Treasurer may determine whether any such money is to be invested in any such scheme or loan and the amount to be invested in a scheme or loan. > > **s 167:** Am 2003 No 3, Sch 2.8 \[2\].