Transport (Tour Operators and Travel Agents) Act, 1982
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PART IV Travellers' Protection Fund | ||
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Travellers' Protection Fund. |
15.—(1) The Minister shall establish a fund to be known as the Travellers' Protection Fund (in this Act referred to as “the Fund”) from which payments may be made in accordance with the provisions of section 18 of this Act in respect of losses or liabilities incurred by customers of tour operators or travel agents who held a licence under this Act or whose licence has been revoked and the revocation is the subject of an appeal to the court, in consequence of the inability or failure of the tour operators or travel agents to meet their financial or contractual obligations in respect of overseas travel contracts. | |
(2) The collection, retention and disbursement of the resources of the Fund shall be a function of the Minister. | ||
(3) The Minister may by regulations made under this section nominate any person specified in the regulations to carry out any or all of the functions conferred on the Minister by this section. |