Singapore legislation
Clause 15
Clause 15
Payments out of the Compensation Fund
(1)
Where it is proved to the satisfaction of the Committee that any person has sustained loss in consequence of —
any dishonesty on the part of a person who carries on the business of a travel agent or on the part of that person’s employees or agents; or
the inability of a person carrying on the business of a travel agent to meet his obligations in the course of his business,the Committee may, if it thinks fit, make a grant to the first-mentioned person out of the Compensation Fund for the purpose of relieving or mitigating that loss or for the purpose of helping the first-mentioned person out of any difficulties which the first-mentioned person may be put to as a result of any act of such person carrying on the business of a travel agent.
(2)
Any grant made by the Committee under this section may be made directly to the person who has suffered loss or to any other person who would be arranging for assistance for the person who has suffered the loss.
(3)
In making any payments under this section, the Committee may in its discretion restrict payments out of the Compensation Fund to such person or classes of persons as the Committee thinks fit.