Package Holidays and Travel Trade Act 1995
Amendment of section 18 of the Act of 1982.
31. — (1) Section 18 (1) of the Act of 1982 is hereby amended by the insertion of the following paragraph:
“(e) to defray any reasonable expenses related to the recovery of monies due under subsection (7) where the Minister is satisfied that in undertaking such expenses there would be a substantial interest in protecting the fund.”.
(2) Section 18 of the Act of 1982 is hereby amended by the insertion of the following subsection:
“(7) Where payments have been made from the fund under subsection (1), because the Bond is insufficient, the fund shall be an unsecured creditor of the tour operator or travel agent concerned, in respect of such payments.”.