Western Australian Numbered Acts Western Australian Numbered Acts Delete
section 93(1) and (2A) and insert:
(1) The Account is to
be held and applied to reimburse a person for the person’s pecuniary or
property loss to the extent of the defalcation of —
(a) a
licensee during any period when the licensee was the holder of a current
triennial certificate; or
(b) a
person who ceased to be the holder of a licence or triennial certificate,
if —
(i)
the defalcation occurred during the period of
6 months immediately following the day on which the person ceased to be
licensed or the holder of the triennial certificate; and
(ii)
the chief executive officer considers that it is just and
reasonable in the circumstances of the claim.