74ZCompensation payable in certain cases

#### 74Z Compensation payable in certain cases 74Z Compensation payable in certain cases > > (1) Any person who, without reasonable cause— > > > > > (a) lodges a priority notice, or > > > > > (b) refuses or fails to withdraw a priority notice after being requested to do so, > > > > is liable to pay compensation to any person who sustains pecuniary loss that is attributable to the lodgment, refusal or failure. > > > (2) Such compensation is recoverable in proceedings taken in a court of competent jurisdiction by the person who claims to have sustained the pecuniary loss. > > **ss 74X–74Z:** Ins 2015 No 23, Sch 1.5 \[8\].