Section 892F — Corporations Act 2001: Part 7.5 authority’s right of subrogation if compensation is paid

(1) If compensation in respect of a claim is paid under Division 3 arrangements or Division 4 arrangements, the Part 7.5 authority in relation to the arrangements is subrogated, to the extent of that payment, to all the claimant’s rights and remedies in relation to the loss to which the claim relates. (2) The Part 7.5 authority may also recover from the participant or participants who caused the loss the costs it incurred in determining the claim.