In forceUpdated to 30 Jun 2025

Contents

Financial Services and Markets Act 2022 · Updated to 30 Jun 2025 · Part 8 · Resolution of Financial Institutions

129. Appeals

(1)

The Authority may appeal to the Court against a valuation report if the Authority is dissatisfied with —

(a)

the valuer’s decision on any person’s eligibility for compensation; or

(b)

the amount of compensation to be paid to any person pursuant to the valuation report.

(2)

A person may appeal to the Court against a valuation report if the person is dissatisfied with —

(a)

the valuer’s decision on the person’s eligibility for compensation; or

(b)

the amount of compensation to be paid to the person pursuant to the valuation report.

(3)

The Court may make an order that confirms or varies the valuation report in respect of the eligibility of a person for compensation or the amount of compensation to be paid to the person.

(4)

A person may not lodge an appeal after the resolution fund established under Division 10 in relation to the resolution of the Division 11 FI has been dissolved in accordance with regulations made for the purposes of section 118(2).

(5)

Rules of Court may provide for the manner in which appeals under this section may be made and the procedure for the appeal.

Report

Read on from s 130

Part 9