Determining compensation

Determining compensation

163 (1) A Tribunal must decide whether to award a claimant compensation for the compensable damage that is referred to in their claim for compensation. If it decides to award compensation, it must, having regard to any other amount of compensation that the claimant has been paid for that damage, determine the amount of compensation in accordance with the regulations and, if it is authorized by the regulations to award costs with respect to a claimant’s claim for compensation and it decides to do so, it must determine the amount of those costs. (2) The Tribunal must advise the claimant and the designated company, by notice, of its decision with respect to the claim for compensation and, if compensation or costs are awarded, it must also advise the Regulator by that notice. (3) The notice must indicate (a) the amount of any compensation or costs determined under subsection (1); (b) any reduction in the amount of compensation provided for by the regulations; and (c) any amounts that have already been paid to the claimant for the compensable damage that is referred to in their claim.