Document ID: chunk:federal_register_of_legislation:C2004A03415:body:0:p28
Version: federal_register_of_legislation:C2004A03415
Segment Type: other
Provision Reference: 
Character Range: 69788–72398

122fb;
     (e) the interest and profits from time to time accruing from the investment of the Fund and paid into the Fund under subsection 122dc (2);
     (f) money recovered by or on behalf of the Corporation in the exercise of a right of action that the Corporation has by virtue of the Fund provisions;
     (g) money paid by an insurer pursuant to a contract of insurance or indemnity entered into by the Corporation under section 122zc;
     (h) money paid to the Corporation by a person making a claim under section 122k in respect of a purchase of securities; and
     (j) all other money or other property lawfully paid into, or forming part of, the Fund.

Fund to be kept in separate bank account
"122cc. The money in the Fund shall, until invested or applied in accordance with the Fund provisions, be kept in a separate account in a bank in Australia.

Payments out of Fund
"122cd. (1) Subject to this Part, there shall be paid out of the Fund, in such order as the Board deems proper:
     (a) amounts, including costs, disbursements and interest, that the Fund provisions require to be paid in connection with claims;
     (b) all legal and other expenses incurred in investigating or defending claims or incurred in relation to the Fund or in the exercise by the Corporation or the Board of the rights, powers and authorities vested in it by the Fund provisions in relation to the Fund;
     (c) money payable to a participating exchange under section 122gb;
     (d) to the extent that the money referred to in section 122dc is insufficient for the purpose, premiums payable in respect of contracts of insurance or indemnity entered into by the Corporation under section 122zc;
     (e) to the extent that the money referred to in section 122dc is insufficient for the purpose, the expenses incurred in the administration of the Fund, including the salaries and wages of persons employed by the Corporation or the Board in relation to the Fund; and

     (f) all other money payable out of the Fund in accordance with this Act or a corresponding law of a participating State or participating Territory.
"(2) In paragraphs (1) (a) and (b), 'claim' means a claim under Division 6 or 7 or a claim that, for the purposes of Division 9, is a transferred claim in relation to a transferring exchange.
"(3) Where:
     (a) an amount is payable out of the Fund in connection with a claim by a person against the Corporation under Division 6 that has been allowed; and
     (b) an amount is payable out of the Fund in connection with a claim by a person against the Corporation under Division 7 that has