Part 6Depositor compensation scheme
Depositor Compensation Fund
199Payments out of fund
Money may be paid out of the fund—
- to pay for the Bank performing or exercising its functions, powers, or duties under this Part, including—
- paying compensation under subpart 3; and
- paying the Bank’s expenditure incurred in connection with providing, or facilitating the provision of, information to the public in connection with the scheme; and
- paying all expenditure incurred by the Bank in connection with the Bank performing or exercising its functions, powers, or duties under this Part; and
- paying compensation under subpart 3; and
- to support a resolution measure undertaken in relation to a licensed deposit taker under subpart 5; and
- to pay the taxation liabilities arising in respect of the fund; and
- to pay the costs of the Crown in connection with the Minister performing, or preparing to perform, the Minister’s duties under subpart 8 (for example, the costs incurred in holding additional liquidity in preparation for performing those duties); and
- to repay any money provided to the fund under subpart 8, and to pay any interest or fees, charges, or costs in connection with the provision of the money.


