CTHRepealedAct
Securities Industry Act 1980
122PHDiscretionary further compensation to transferor
Start here
Get a plain-English read of 122PH
Turn the raw legal text into a practical explanation grounded in Securities Industry Act 1980.
##### 122PH Discretionary further compensation to transferor
(1) If the Corporation allows a claim made under section 122PD and the Board is satisfied that the supply of securities, or the payment of money, or both, as the case requires, to the claimant in accordance with section 122PG will not adequately compensate the claimant in respect of a pecuniary or other gain that the claimant might, if the claimant had continued to hold the transferred securities, have made but did not in fact make, the Board may determine in writing that there be paid to the claimant in respect of that gain a specified amount that the Board considers to be fair and reasonable in all the circumstances.
(2) If a determination is made under subsection (1), the Corporation shall pay to the claimant the amount specified in it.