(1) This section applies where—
(a) compensation under this part is payable to a person in respect of loss suffered by the person; and
(b) the amount of compensation payable to the person has been determined in accordance with division 7.3; and
(c) at the end of 3 months after the determination of the amount of compensation, the person has not, because of some default or delay on the part of the person, received payment of the compensation.
(2) The Executive may pay the compensation into the trust account.
(3) On payment of the compensation into the trust account, the compensation shall, for section 96, be taken to have been paid to the person.
(4) Where the person rectifies the default or delay referred to in subsection (1), the Executive shall pay to the person, out of the trust account, an amount equal to the amount of compensation paid into the trust account.