Commentary on Sections Summary Entitlement to fraud compensation Section 186: Interim payments
678.This section allows the Board to make interim payments to a scheme where it appears that the conditions in section 182(1) are satisfied and the trustees or managers would not be able to meet liabilities of a prescribed description. No interim payments may be made once a settlement date has been specified.
679.Subsection (2) stipulates that interim payments must not exceed the amounts which will be determined as set out in regulations. Under subsection (3), interim payments can be recovered by the Board if it decides the criteria in section 182(1) have not been met or the amount paid was excessive.
680.Subsection (4) permits the Board to set the terms and conditions of interim payments, including any requirement for repayment.