Australian Capital Territory Current Acts

LEGAL PROFESSION ACT 2006 - SECT 344

    (1)     If—

        (a)     a claimant receives a payment from the fidelity fund in relation to the claim; and

        (b)     the claimant receives or recovers from another source or sources a payment on account of the pecuniary loss; and

        (c)     there is a surplus after deducting the amount of the pecuniary loss from the total amount received or recovered by the claimant from both or all sources;

the amount of the surplus is a debt owing by the claimant to the fund.

    (2)     However, the amount payable by the claimant cannot exceed the amount the claimant received from the fidelity fund in relation to the claim.