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StatuteCorporations Act 2001

Section 886A — Corporations Act 2001: Only one claim in respect of the same loss

Text of the provision Official document

If: (a) a claim by a person for compensation (including interest referred to in subsection 885E(5)) in respect of a particular Division 3 loss suffered by the person has been allowed under Division 3 arrangements; and (b) the person makes or has made another claim under those Division 3 arrangements, or under other Division 3 arrangements, in respect of the same loss; that other claim must not be allowed.

Official source: Federal Register of Legislation

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