(1) The SEGC may publish, in each State and Territory, in a daily newspaper circulating generally in that State or Territory, a notice, using Form 720, specifying a day, not being earlier than 3 months after the publication of the notice, on or before which claims against the SEGC may be made, being claims that, because of a dealer specified in the notice having become insolvent, this Subdivision entitles persons to make.
(2) If this Subdivision entitles a person to make a claim, the claim must be in writing and must be served on the SEGC:
(a) if there has been published in accordance with subregulation (1) a notice specifying a day on or before which claims may be made, being claims that, because of the dealer having become insolvent on that day, this Subdivision entitles persons to make--on or before that day; or
(b) in any other case--within 6 months after the person becomes aware of the dealer having become insolvent on that day.
(3) A claim that is not made in accordance with subregulation (2) is barred unless the SEGC otherwise determines.
(4) The SEGC, a member of the Board and any employee of, or person acting on behalf of, the SEGC each has qualified privilege in respect of the publication of a notice under subregulation (1).