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Article 2 Fees payable in connection with compensation orders and compensation undertakingsI1

Northern Ireland

(1)

The Department is to be paid a fee for performing the function of distributing to a creditor an amount received by the Department in respect of a compensation order or a compensation undertaking.

(2)

The fee is to be paid out of the amount received before such a distribution is made to a creditor.

(3)

The fee means the aggregate of—

(a)

the time spent by the appropriate officials carrying out the Department’s function under paragraph (1) in relation to all creditors specified in a compensation order or a compensation undertaking, multiplied by the hourly rate in accordance with the table in the Schedule; and

(b)

any necessary disbursements or expenses properly incurred in carrying out that function,

divided equally between the total number of creditors specified in the compensation order or compensation undertaking.

Annotations

Commencement

I1

Art. 2 in operation at 14.4.2026, see art. 1(1)