Part 6Depositor compensation scheme
Deficiency in fund
248Deficiency in fund when specified event notice issued
This section applies if the Bank has issued a specified event notice but the property of the fund is not sufficient to do 1 or both of the following in connection with the notice:
- pay entitlements to compensation under this Part:
- meet all other costs of the Bank in performing or exercising its functions, powers, or duties under this Part.
The Minister must provide to the fund out of public money, without further appropriation than this section, money by way of grant or advance as may be necessary to meet the deficiency.


