CTHRepealedAct
Securities Industry Act 1980
122YHArbitration of amount of cash settlement of certain claims
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##### 122YH Arbitration of amount of cash settlement of certain claims
(1) Where:
(a) section 122N or 122PG or subsection 122S(1) or (2) requires the Corporation to pay to a person the amount that was at a particular time the amount of the actual pecuniary loss suffered by the person in respect of a particular matter; and
(b) that amount cannot be determined by agreement between the Corporation and the person;
that amount shall be determined by arbitration in accordance with this section.
(2) The reference to arbitration shall be made to persons appointed, in accordance with subsection (3), for the purposes of the reference and the law in force in the Territory relating to arbitration applies in relation to the reference.
(3) The participating exchange shall appoint, or the participating exchanges shall jointly appoint, as the case requires, for the purposes of the reference to arbitration, 3 persons whose appointment under this subsection has been approved in writing by the Ministerial Council and at least 2 of whom are neither members of a participating exchange nor officers or employees of the Corporation, of a participating exchange, or of a member organisation of a participating exchange.